Gymboree Going Private In $1.8 Billion Deal
NEW YORK -- Gymboree Corp. said Monday that private-equity firm Bain Capital Partners LLC agreed to buy the San Francisco retailer in a deal valued at $1.8 billion. Bain Capital will pay $65.40 a share, a premium of 24% over Gymboree's closing price on Friday and 57% above its Sept. 30 price. Shares of Gymboree vaulted 31% to $69.18 after the deal was announced. Copyright © 2010 MarketWatch, Inc.