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.
