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June 10, 2014
06:11 EDTCHSChico's FAS has discussed sale with potential PE suitors, FT reports
U.S. womenswear chain Chico's has held talks with several private equity firms in recent weeks about a potential sale, the Financial Times reports, citing sources. One industry source believes the company would command a premium of about 30% to its market capitalization of $2.36B. It is unclear whether Chico's management would look to partner with a private equity group or sell the entire business. Reference Link
News For CHS From The Last 14 Days
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October 7, 2015
10:01 EDTCHSOn The Fly: Analyst Initiation Summary
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07:23 EDTCHSChico's initiated with a Neutral at Citi
Target $17.
October 2, 2015
11:06 EDTCHSSycamore buyout talks with Chico's at impasse, Reuters says
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September 25, 2015
08:53 EDTCHSChico's could be acquired for $19-$22 per share, says SunTrust
After Bloomberg reported that private equity firms could look to buy Chico's, SunTrust believes that Chico's could be acquired for $19-$22 per share. The firm think that, "there are multiple potential strategic buyers" for the company. It adds that even if a deal does not occur, the stock can rise significantly, driven by recent improvements. The firm keeps a $21 price target and Buy rating.

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