After six deadline extensions, The Talbots Inc. finally completed its warrant exchange offer with BPW Acquisition Corp., allowing the retailer to acquire the special purpose acquisition company on Wednesday.
“The completion of this merger and related transactions marks an important milestone for Talbots,” said Trudy F. Sullivan, president and chief executive officer of the Hingham, Mass.-based women’s apparel store chain. “With an improved financial foundation and capital structure in place, we believe we are well-positioned for future growth and value creation for all our stakeholders.”
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