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Sycamore Offers $3.50 a Share for Chico’s FAS in Deal Valued at $407.8M

Private equity firm Sycamore Partners disclosed it has offered to acquire Chico’s FAS Inc. in a deal valued at $407.8 million, or $3.50 a share, following initial attempts to start a conversation that were rebuffed by the women’s specialty chain. But the latest offer was noted by Chico’s to be lower than a previous offer…

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