• Daphne Howland
• 25 Jun, 2019

Chico’s on Monday wriggled out of the latest challenge from private equity firm Sycamore by opting out of a Florida business statute, according to a Chico’s press release. The move was in response to Sycamore’s latest salvo, coming after three takeover bids that came in quick succession in recent days, each lower than the last. The apparel company’s board is mulling the latest offer for $3 per share, although it also has emphasized that members already unanimously rejected previous offers...
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