Sycamore Partners to acquire Ted Baker for $514m.

Sycamore Partners, a private equity firm, offered to acquire Ted Baker, a British high-street clothing retailer for $514m. The Board of Ted Baker notes the recent press speculation and confirms that it has received two unsolicited non-binding proposals from Sycamore Partners Management in relation to a possible cash offer for the entire issued and to be issued ordinary share capital of the company.