Perhaps getting more realistic about its current market value, Talbots is reportedly reconsidering its rejection of Sycamore Partners as a potential buyer for the chain.
Last week, the company signed a confidentiality agreement with Sycamore that will allow the private equity firm access to Talbots’ financial information.
Initially, Sycamore offered $3 per share for the struggling chain. Many retail industry insiders say the price is more than fair, even though Talbots’ management expressed the view that it significantly undervalues the company.