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Tuesday, October 5, 2010

Gymboree hires Goldman to auction the company

Gymboree Corp. hires Goldman Sachs to conduct an auction for the sale of the company. GYMB has been approached by multiple different private-equity firms so thats why the company has decided to do an auction in hopes to fetch $55 to $60 per share for the takeout.

Gymboree Corp. currently has a market cap of $1.32 billion and shares are up significantly in pre-market Tyesdat morning.