These guys seem to buy but keep management on. May lower the price paid somewhat. Sycamore has made 2 deals. Talbots and part of The Limited. Gores is more allover the place, buying parts of other companies, some retail, some tech.
Sycamore had bought into Talbots before making the offer. Talbots went up 70% day deal was announced, but it was lower than it had been when Sycamore had started acquiring the shares. Talbots had put in some anti-takeover measures once Sycamore got to9.9% ownership of the shares.
Glad there is more than 1 interested party. Clearly, with Talbots,management cared a hell of a lot more for themselves than shareholders. Sycamore announces 9.9% stake at $4, management puts in takeover defense, stock falls to a $1. Finally sold at $3, management staying on. Funny how that works,huh?