CHS - Why Chico's FAS Shares Are Rocketing Today? | Benzinga
Chico's FAS Inc (NYSE: CHS) shares are rocketing today following the announcement of its acquisition by Sycamore Partners for $1 billion.
As per the terms, CHS's shareholders will receive $7.60 per share in cash, representing a 65% premium to its closing price on September 27, 2023 (the last trading day before the transaction's announcement).
The deal includes a 30-day "go-shop" period expiring 11:59 PM ET on October 27, 2023, which ...