Robbins Umeda LLP Announces an Investigation of The Talbots, Inc.

Shareholder rights firm Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of The Talbots, Inc. (NYSE: TLB) in connection with their efforts to sell the company to Sycamore Partners. Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Gregory E. Del Gaizo at (800) 350-6003, info@robbinsumeda.com, or via the shareholder information form on the firm's website.

On May 31, 2012, Talbots announced that it had entered into a definitive merger agreement to be acquired by Sycamore Partners. According to the terms of the deal, Sycamore Partners will acquire all outstanding shares of the company through an all-cash transaction. Pursuant to the agreement, Talbots shareholders will receive $2.75 in cash for each share of the company they own. The transaction is expected to close in the third quarter of 2012.

Robbins Umeda LLP's investigation focuses on whether the board at Talbots is undertaking a fair process to obtain maximum value and adequately compensate shareholders. In the last several months, the board at Talbots has previously received and subsequently rejected as "inadequate" an acquisition proposal that valued Talbots higher than the current offer price of $2.75 per share. Additionally, several leading market analysts have released target prices for Talbots that value that company's stock between $3.00 and $4.00 per share.

In light of the Board's previous statements, several recent target prices, and the performance of Talbots' common stock, Robbins Umeda LLP is examining the board's decision to sell Talbots now at $2.75 per share rather than allow shareholders to continue to participate in the company's continued success and future growth prospects.

Robbins Umeda LLP attorneys highlight that Talbots shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company's shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/the-talbots-inc/

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