The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of The Gy...
October 12 2010 - 3:53PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of The Gymboree Corporation (NasdaqGS:GYMB) for possible
breaches of fiduciary duty and other violations of state law in
connection with their attempt to sell the Company to Bain Capital
Partners, LLC. Under the terms of the deal, Gymboree shareholders
will $65.40 in cash per share for a total transaction value of
approximately $1.8 billion.
The investigation concerns whether the Gymboree Board of
Directors breached their fiduciary duties to Gymboree stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Bain Capital is underpaying for Gymboree
shares. At least one analyst set a price target for Gymboree stock
at $68.00 per share.
If you own common stock in Gymboree and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/gymboree-gymb.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide.
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