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Thursday, January 3, 2013

Market Chatter-Corporate finance press digest, (NYSE: GPS)

The following corporate finance-related stories were reported by media on Thursday:* Gap Inc will purchase women's fashion boutique Intermix Inc for $130 million to enter the luxury clothes market, the Wall Street Journal reported.

The Gap, Inc. (Gap Inc.) is a global specialty apparel company. Shares of GPS traded higher by 1.06% or $0.33/share to $31.37. In the past year, the shares have traded as low as $17.75 and as high as $37.85. On average, 5760970 shares of GPS exchange hands on a given day and today's volume is recorded at 5481616.