Talbots approved to list warrants for BPW buy

HinghamMass., Mass. Talbots won approval from the New York Stock Exchange Amex to list warrants related to its buyout of BPW Acquisition Corp., the clothing retailer said Wednesday.

Talbots completed a warrants exchange earlier this month designed to help it acquire BPW Acquisition Corp., and its cash so it can ultimately buy itself out from Japanese retail company Aeon (U.S.A.) Inc., which holds a 54% stake in Talbots, as part of a larger turnaround effort.

A warrant guarantees a holder the right to purchase a stock or security at a certain price within a specific time frame.