Chico's FAS Skyrockets 63% on $1 Billion Buyout Offer from Sycamore Partners
Chico's FAS, a retailer, saw its stock soar by 63% after announcing its agreement to be acquired by private equity firm Sycamore Partners for $7.60 per share. The deal, which is subject to customary closing conditions and approvals, is expected to close by the end of the first quarter of 2024. Upon completion, Chico's FAS will become a privately held company.