Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - TALBOTS INC | d272321d8k.htm |
| EX-99.1 - PRESS RELEASE OF THE TALBOTS, INC. DATED DECEMBER 20, 2011 - TALBOTS INC | d272321dex991.htm |
Exhibit 99.2
December 20, 2011
Stefan Kaluzny
Managing Director
Sycamore Partners Management, L.L.C.
9 West 57th Street, 31st Floor
New York, NY 10019
Dear Mr. Kaluzny,
Thank you for your letter dated December 6, 2011. Our Board of Directors has considered the terms of the proposed transaction outlined in that letter and has determined that your proposal is inadequate and substantially undervalues the Company. The Board of Directors has resolved to explore a full range of strategic alternatives to maximize value for our stockholders. We will contact you at the appropriate time in connection with our exploration of strategic alternatives for the Company.
| Very truly yours, |
| /s/ Gary M. Pfeiffer |
| Gary M. Pfeiffer Chairman of the Board |
cc: Members of the Board of Directors of The Talbots, Inc.