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Chico’s Rejects Sycamore’s $353.8 Million Reduced Buyout Bid

The board of directors at Chico’s FAS Inc. on Thursday said it has “unanimously rejected” another offer, this time a lowered bid for a deal valued at $353.8 million, from Sycamore Partners to acquire the company. The latest decision represents the third official rejection following the private equity firm’s three attempts, with each subsequent offer…

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