Business
Chico’s board rejects latest acquisition offer from Sycamore
Board of directors of Chico's FAS, Inc. has unanimously rejected the unsolicited proposal received from Sycamore Partners on June 19, 2019 to acquire all of the outstanding shares of the company for 3 dollars per share in cash. The company said that its board believes Sycamore's proposal substantially undervalues Chico's FAS and is not in the...
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