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Chico’s FAS (CHS) approached by Sycamore Partners

  • May 13, 2019

POTENTIAL DEAL DETAILS

StockChico's FAS, Inc.SymbolCHS
Date Announced05/10/2019Source Press Release
TypeUnsolicited BidAcquiring Company/Person Sycamore Partners
Date of Confirmation: 09/28/2023Price at Confirmation: $4.61
Potential Profit: 15.54%Annualized Profit: 3.54%

Chico’s FAS, Inc. (CHS), today confirmed that it has received an unsolicited proposal from Sycamore Partners to acquire the Company for $3.50 per share in cash.

Update(s):

June 19, 2019:  Sycamore Partners is now revising its offer to acquire all of the outstanding shares of common stock of the Company (CHS) to a price of $3.00 per share in cash.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.