San Diego, CA -- (SBWIRE) -- 06/05/2012 -- An investigation for investors in NYSE:TLB shares concerning whether members of the board of directors of The Talbots, Inc. breached their fiduciary duties in connection with the proposed sale of Talbots, INc. to Sycamore Partners at $2.75.

Investors who purchased shares of The Talbots, Inc. (NYSE:TLB) and currently hold any of those NYSE:TLB shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigations by law firms concern whether certain officers and directors of The Talbots, Inc. failed to act in the best interest of NYSE:TLB shareholders.

On December 6, 2011, the Talbots, Inc. announced that its Board of Directors has received an unsolicited letter, dated December 6, 2011, from Sycamore Partners outlining a non-binding proposal to acquire all of the Company's outstanding common stock for $3.00 per share.

On Dec. 20, 2011, The Talbots, Inc. responded and said it had considered and evaluated the terms of the proposed transaction and had concluded that the proposal was inadequate and substantially undervalues the Company.

NYSE:TLB shares increased to as high as $3.36 per share on March 22, 2012.

Then on May 7, 2012, The Talbots, Inc. (NYSE:TLB) announced that its Board of Directors has received a non-binding proposal from Sycamore Partners to acquire all of the Company's outstanding common stock for $3.05 per share. In addition, The Talbots, Inc said that the Company has entered into an exclusivity agreement with Sycamore Partners in connection with the non-binding proposal, which will terminate on May 15, 2012.

On May 15, 2012, The Talbots, Inc. announced that the exclusivity period will expire on May 22, 2012 and on May 23, The Talbots, Inc. announced that the exclusivity period will expire on May 24, 2012.

On May 24, 2012, NYSE:TLB shares fell from $2.56 per share to $1.29 per share on May 30, 2012.

Then on May 31, 2012, The Talbots, Inc. and Sycamore Partners today announced that they have entered into a definitive agreement pursuant to which an affiliate of Sycamore Partners will acquire all the outstanding common stock of the Company for $2.75 per share in cash.

Therefore the investigation for NYSE:TLB investors concerns whether the Talbots Board of Directors undertook an adequate sales process, and in particularly failed to maximize shareholder value by not negotiating the best price and not acting in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in The Talbots, Inc. (NYSE:TLB) and purchased their The Talbots, Inc. shares prior to the announcement, have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com