CONFIDENTIALITY AGREEMENTConfidentiality Agreement • June 27th, 2012 • Talbots Inc • Retail-women's clothing stores • New York
This Confidentiality Agreement (this “Agreement”) is dated as of January 27, 2012 by and between Sycamore Partners Management, L.L.C., a Delaware limited liability company (the “Receiving Party”) and The Talbots, Inc., a Delaware corporation (together with its subsidiaries, the “Company”).
Dear Stockholder:Talbots Inc • June 27th, 2012 • Retail-women's clothing stores
On behalf of the Board of Directors of The Talbots, Inc. (the “Company”), we are pleased to inform you that on May 30, 2012, the Company entered into a definitive merger agreement (the “Merger Agreement”) to be acquired by TLB Merger Sub Inc. (the “Purchaser”), an affiliate of Sycamore Partners, L.P. and a direct, wholly-owned subsidiary of TLB Holdings LLC (“Parent”). Sycamore Partners, L.P. is a New York-based private investment firm specializing in consumer and retail investments. Pursuant to the terms of the Merger Agreement, the Purchaser commenced a tender offer on June 15, 2012 to purchase all of the outstanding shares of the Company’s common stock for $2.75 per share in cash, without interest.
