sycamore offers to buy chico's in $407.8 million deal - what's the best air purifier to buy

(Reuters)-
FAS Inc. of female apparel retailer Chico said on Friday it received an active offer from Sycamore Partners LP to privatize the company in a $407 deal. 8 million.
Shares of the company closed up about 8% at $3.
99, much higher than the $3 offer of private equity companies. 50 per share.
Chico said it would review the proposal, adding that Sycamore had previously offered $4.
It declined $30 per share because it "greatly underestimated" retailers.
The company did not disclose the details of the previous offer in its statement.
Earlier in the day, Sycamore said the retailer refused to discuss the proposal with private equity firms.
The company disclosed a copy of 6.
In a SEC document, Chico holds a 6% stake and says its stake makes it one of the company's largest shareholders.
Sycamore declined to comment on Chico's response.
Chico said it would not comment except for the press release.
Chico's, known for its Soma brand women's close-fitting, operates more than 1,000 stores in the US and Canada and sells its goods online. The 36-year-
For the past three years, old retailers have been trying to cut sales, and have been looking for new CEOs after Shelley broad abruptly resigned in April.
"Given the speed and severity of the deterioration of the company's business, we believe that it is in the best interest of all shareholders that the board of directors creates these options, sycamore said in a letter to the Chico Board of Directors.
Chico's and Paul's, Wes's, financial advisers to Goldman Sachs (Goldman Sachs) Co. , Ltd. , Minister's Wharton School of Business and law firm of Garrison.