By and  on January 23, 2012

The Talbots Inc. could have a new owner by the ides of March.

Shares of Talbots shot up 50 cents, or 18.6 percent, to $3.19 Friday following reports that TPG and Golden Gate Capital were mulling bids to buy the troubled firm, which last month hired Perella Weinberg Partners to explore its “strategic alternatives.” More than 7.4 million of the retailer’s shares traded hands, about six times the stock’s three-month average volume.

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