Chico’s FAS Inc. shares jumped the most in eight months after the Wall Street Journal reported that private-equity firm Sycamore Partners is in advanced talks to buy the women’s apparel chain.

Sycamore has been seeking financing for a buyout, the Journal said, citing unidentified people with knowledge of the talks. The report sent shares of Chico’s up as much as 8.1 percent to $18.65 on Wednesday, the biggest intraday gain since June 10. The stock had declined 14 percent last year.

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