Re: Retention Bonus AwardRelease of Claims • December 22nd, 2023 • Chico's Fas, Inc. • Retail-women's clothing stores • Florida
As you know, an affiliate of Sycamore Partners, Daphne Parent LLC (“Buyer”), and Chico’s FAS, Inc. (the “Company”) have entered into an Agreement and Plan of Merger, dated as of September 27, 2023 (the “Merger Agreement”), pursuant to which, upon and subject to the completion of the transactions contemplated by the Merger Agreement, the Company will cease to be a publicly traded corporation and will become a wholly owned subsidiary of Buyer (the “Transaction”). The date on which the Transaction is consummated is referred to herein as the “Closing Date.”
