Chico's Surges on Fresh Speculation That Chain Is Buyout Target
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Chico’s FAS Inc. shares rose the most in more than two years on renewed speculation that the women’s apparel chain is a buyout target.
After abandoning a deal to buy Chico’s in February over disagreements about financing, Sycamore Partners has approached the retailer again, Bloomberg News reported on Friday. Chico’s is working with investment bank Peter J. Solomon to explore its options, according to people familiar with the matter, who asked not to be identified because the information is private.