NEW YORK -- (Business Wire)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Talbots Inc. (“Talbots” or the “Company”) (NYSE: TLB) for potential breaches of fiduciary duties in connection with their conduct related to the proposed sale of the Company to Sycamore Partners LP in an all-cash deal valued at about $215 million. Under the terms of the proposed transaction, Talbots stockholders will receive $3.05 in cash for each share of Talbots common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $4.00 for Talbots.

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Whether the Talbots’ Board of Directors is acting in accordance with their fiduciary duties to Talbots’ stockholders to conduct an adequate and fair sales process to sell the Company, whether the proposed transaction undervalues Talbots’ shares, whether Talbots’ Board of Directors is adequately negotiating a price increase for the proposed transaction and by how much this proposed transaction undervalues the Company to the detriment of Talbots’ shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Talbots and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/TLB or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Contacts:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330

Source: Faruqi & Faruqi, LLP