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Talbots Incorporated
Hot Topic acquired by private equity firm Sycamore for $600 million
Hot Topic acquired by private equity firm Sycamore for $600 million

Brooding-teen retailer Hot Topic Inc. is about to become family with Talbots Inc., an apparel chain beloved by moms. Hot Topic, a mall staple based in City of Industry, is being sold for $600 million to Sycamore Partners, the private equity firm that this summer bought Talbots for $391 million. The $14-per-share cash price represents a 30% premium over Hot Topic’s closing stock price Wednesday and was unanimously approved by the retailer’s board, the company said Thursday. But the deal still requires shareholder and regulatory approval. In morning trading, Hot Topic’s stock soared 29%, or $3.14 to $13.89 a share. Hot Topic also owns plus-size brand Torrid and is...

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