Sycamore to Take Chico's FAS Private in $1 Bln Deal

Reuters2023-09-28

Sept 28 (Reuters) - Apparel retailer Chico's FAS (CHS.N) said on Thursday it would be acquired by private-equity firm Sycamore Partners in a $1 billion deal, including debt.

Chico's FAS shareholders will receive $7.60 per share in cash, representing a 65% premium to the stock's last close.

The company's shares jumped 63% in premarket trading.

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