The Gymboree Corporation to Be Acquired By Bain Capital

The Gymboree Corporation and Bain Capital Partners LLC have announced an agreement under which Bain Capital will acquire all the outstanding stock of Gymboree for $65.40 per share, or $1.8 billion. If the tender offer is successfully completed, Gymboree expects the transaction to close by year end.
The agreement came less than a week after the children's apparel retailer announced that it had hired Goldman Sachs to begin a formal auction of the company.
Gymboree, which runs retail children's wear stores and play centers, hired Goldman in September after it was approached by at least two firms interested in acquiring the business.
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