BizJournals – Shrugging off a recently filed lawsuit that threatens to delay its pending merger, The Talbots Inc. has extended the deadline for a warrants-exchange offer originally slated to expire March 26.
Last week the Hingham, Mass.-based clothing retailer said one of its largest warrant holders, Chicago’s Pentwater Capital Management, sued the company in a Delaware court over planned amendments to the warrant-exchange in question. Pentwater accused Talbots (NYSE: TLB) and its merger partner, BPW Acquisition Corp., of pressuring it to accept less-favorable terms for the previously agreed upon warrant-exchange offer.
