Chico's FAS, Inc.

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Ademi LLP is investigating Chico’s (NYSE: CHS) for possible breaches of fiduciary duty and other violations of law in its transaction with Alfasigma.

In the transaction, Chico’s stockholders are expected to receive only $7.60 per share. The transaction agreement unreasonably limits competing transactions for Chico’s by imposing a significant penalty if Chico’s accepts a competing bid. Chico’s insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Chico’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.