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More on Talbots' Potential Sale

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.

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