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Chico’s Board Rejects $407.8 Million Offer From Sycamore Partners

Private equity firm Sycamore Partners, which offered $3.50 a share to acquire Chico’s FAS Inc. in a deal valued at $407.8 million, has been rebuffed again. Sycamore made its offer last week, noting that it chose to go public after getting the cold shoulder once before. The initial offer was $4.30 a share, which the…

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