Chico's Stock Drops As Sycamore Buyout Hopes Fizzle

Investors.com http://ift.tt/1LDSeAW Shares of Chico's FAS (CHS) retretaed Wednesday on reports that Sycamore Partners has abandoned its takeover attempt of the women's clothing retailer. The private-equity firm reportedly failed to line up financing for the deal on acceptable terms, the Wall Street Journal first said late Tuesday. Chico's shares gapped down 3.4% to 17.50 in afternoon trading on the stock market today. The stock had been working on a long cup-with-handle base, but