Ropes & Gray Reps Bain In $1.8B Gymboree Deal

Law360, New York (October 11, 2010, 12:42 PM EDT) -- Investment firm Bain Capital LLC said Monday it would acquire children's clothing retailer The Gymboree Corp. in a deal valued at $1.8 billion.

Under the terms of the deal, which received unanimous approval from Gymboree's board of directors, stockholders will receive $65.40 in cash for each outstanding share of the company's common stock — a 57.4 percent premium to Gymboree's stock price Sept. 30, prior to rumors of the transaction and a 23.5 percent premium to the company's closing stock price on Friday.

The deal, which...
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