Retailer Chico's to be acquired by private-equity firm Sycamore Partners
A Friday filing from Chico's Fas Inc. CHS, +0.54% includes a bid from Sycamore Partners to acquire all outstanding shares of the clothing and accessories retailer for $3.50 per share. Sycamore Partners currently owns a 6.6% stake in Chico's, which has a market cap of $431.0 million. Chico's shares closed Thursday at $3.70 per share.
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