Talbots, Inc. = Done Deal

Sycamore Partners announced that they will complete the deal to purchase Talbots, Inc. (Ticker: TLB) on August 3, 2012. This was a somewhat more risky arb play because of the conditions placed for completion of the tender offer. In any case, everything went smoothly as planned. My net gain from this merger arb play was ~ 6.6% (~ 35% annualized return).