Bloombergreports that Gymboree, a retailer of children's apparel and accessories, is being acquired by Bain Capital LLC. The valuation for the company was higher than analysts were expecting.
The acquisition price is $65.40 a share, the companies said today in a statement. That’s 57 percent more than Gymboree’s closing price on Sept. 30, when reports of a takeover surfaced. Gymboree may seek acquisition proposals from third parties through Nov. 20, according to the statement.
Gymboree runs Janie and Jack and Crazy 8 stores in addition to its Gymboree stores.
Bloomberg 
