Levi & Korsinsky is investigating the Board of Directors of The Talbots,
Inc. (“Talbots” or the “Company”) (NYSE: TLB) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to Sycamore Partners.
Click here to learn how to join the action: http://zlk.9nl.com/TLB-Talbots,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Talbots shareholders will receive
$2.75 for each share of Talbots stock they own. The transaction has a
total approximate value of $369 million, including the assumption of
debt. The investigation concerns whether the Talbots Board of Directors
breached their fiduciary duties to Talbots stockholders by accepting an
offer below Sycamore’s original bid. In December 2011 Sycamore offered
$3.00 per share, but Talbots rejected the offer as being “inadequate and
substantially” undervaluing the Company. Talbots stock has traded as
high as $3.36 per share as recently as March 22, 2012.
If you own common stock in Talbots and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/TLB-Talbots.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. The
attorneys at Levi & Korsinsky have been appointed by numerous courts
throughout the country to serve as lead counsel on behalf of
shareholders in major securities lawsuits and have successfully
recovered multimillion-dollar damages awards on behalf of investors. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee