By  on March 26, 2010

The Talbots Inc. bypassed a possible roadblock to its merger with BPW Acquisition Corp. Friday when a Delaware court denied a request from a group of hedge funds to halt a warrant exchange that expired Friday.

On Tuesday, Pentwater Growth Fund, Oceana Master Fund and Pentwater Equity Opportunities Master Fund, all of which own BPW warrants, asked Delaware Chancery Court for a temporary restraining order to stop the exchange.

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