The Financial Times reported Tuesday morning that Chico's FAS Inc. (CHS) has been involved in discussions with several private equity firms in recent weeks regarding a potential sale.
Chico's FAS gapped open sharply higher this morning and is now up 1.25 at $16.62 on above average volume. The stock has jumped to nearly a 1-month high and has re-crossed its 50-day moving average.
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