Children’s clothing retailer Gymboree (GYMB) has agreed to be acquired by private-equity firm Bain Capital Partners for $1.8 billion in an all-cash deal, the companies said Monday.
Bain’s offer values Gymboree stock at $65.40 a share, a 24% premium to Gymboree’s closing stock price Friday. Gymboree’s board of directors unanimously approved the purchase, the companies said in a statement.
Gymboree…
Continue reading Bain Capital to Buy Gymboree for $1.8 Billion
Bain Capital to Buy Gymboree for $1.8 Billion originally appeared on DailyFinance on Mon, 11 Oct 2010 10:17:00.
Filed Under: Company News, Goldman Sachs , Retail