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Talbots Inc. said Friday it will actively explore other strategic alternatives after Sycamore Partners said it won't buy the retailer. A May 5 exclusivity agreement with Sycamore Partners has expired and Talbots said it remains open to pursuing a transaction with the firm at $3.05 a share. Sycamore "informed the company that it is not prepared to execute a transaction at this time," Talbots said.
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