Chico’s FAS Set to Go Private in Deal Led by Sycamore – Merger Arbitrage Mondays

Key Highlights

• Chico’s FAS, Inc. (CHS) to be acquired by Sycamore Partners for $1.59 billion or $7.60 per share in cash.
• The acquisition of Blue Apron Holdings (APRN) by Wonder Group for $103 million or $13 per share in cash.
• Stratasys (SSYS) terminated its Merger Agreement with Desktop Metal (DM).

Chico’s FAS, Inc. (CHS) $7.48

Market Cap: $569.05 million

Enterprise Value: $966.22 million

On September 28, 2023, Chico’s FAS entered into a definitive agreement to be acquired by Sycamore Partners for $7.60 per share in cash.  Four years ago, in 2019, Chico’s FAS refused Sycamore’s repeated attempts to acquire it.

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