Shares of Talbots Inc. (NYSE: TLB) soared more than 11% on Monday on speculation that the company could be a takeover target. Private-equity firm Sycamore Partners, disclosed in a regulatory filing that it it bought 9.9% of the Talbots stock. Sycamore said that it believes Talbots stock is “undervalued and is an attractive investment.” The Talbots, Inc., together with its subsidiaries, operates as a specialty retailer and direct marketer of women's apparel, accessories, and shoes in the United States and Canada. Stay tuned for more.
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