Sycamore bids for Chico's in $407.8M deal

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Source: Dukascopy Bank SA
Sycamore Partners made an unsolicited bid worth $407.8M for Chico's FAS, the women's apparel retailer, seeking to take the firm private, and sending Chico's shares up 8% to $3.99 on Friday, much above Sycamore's offer of $3.50 for a share.
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