Private-equity firm Sycamore Partners is in talks to purchase apparel retailer Chico's FAS Inc, the Wall Street Journal reported, citing people familiar with the matter. The company's shares were up 10 percent in extended trading on Tuesday.The private equity firm has been seeking funding to buy Chico's, the newspaper reported quoting one of the people. (on.wsj.com/17bKgSL)There was no guarantee of a deal, or that another company would not buy Chico's instead, the WSJ said.Sycamore declined to comment. Chico's FAS was not immediately available for comment.
Chico?s FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico?s, White House / Black Market (WH/BM) and Soma Intimates (Soma) brand names. Shares of CHS fell by 0.58% or $-0.1/share to $17.25. In the past year, the shares have traded as low as $14.39 and as high as $18.20. On average, 1944640 shares of CHS exchange hands on a given day and today's volume is recorded at 3140127.
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