Bain Capital Affiliate Commences $65.40/Share Tender Offer For Gymboree

Bain Capital Partners LLC’s Giraffe Acquisition Corp. commences its tender offer for Gymboree Corp. The bid is for $65.40 a share, or a total of $1.8 billion. The deal was previously unanimously approved by Gymboree’s board. Gymboree is a specialty retailer with 1,037 stores, as of Oct. 2.

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