Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Gymboree Corp. - GYMB
12 Ottobre 2010 - 10:48PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Gymboree Corp. (“Gymboree” or the “Company”) (NASDAQ:
GYMB) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Bain Capital
LLC. The proposed transaction offers Gymboree shareholders to only
receive $65.40 in cash for each share they own. According to
Thompson/First Call, at least one analyst has set a price target of
$68.00 per share for Gymboree common stock. The transaction is
valued at approximately $1.8 billion. The transaction is structured
as a tender offer, which may avoid the need for Gymboree
shareholders to vote to approve the transaction. Request more
information to protect your financial interest by clicking here:
www.faruqilaw.com/gymb.
Whether the Gymboree’s Board of Directors breached their
fiduciary duties to Gymboree’s stockholders by failing to conduct
an adequate and fair sales process to sell the Company prior to
agreeing to this proposed transaction, whether the proposed
transaction undervalues Gymboree’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
Gymboree shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Gymboree and wish to obtain
additional information, please visit us at www.faruqilaw.com/gymb
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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