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Chico's FAS turns away Sycamore Partners

Jun. 27, 2019 4:26 PM ETChico's FAS, Inc. (CHS) StockCHSBy: Clark Schultz, SA News Editor3 Comments
  • Chico's FAS (NYSE:CHS) rejects the unsolicited proposal received from Sycamore Partners to acquire the retailer at $3.00 per share
  • Chico's says it reviewed the proposal in consultation with its independent financial and legal advisors, finding the Sycamore proposal substantially undervalues shares and isn't in the best interests of shareholders.
  • Source: Press Release

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