Law Office of Brodsky & Smith, LLC Announces Investigation of The Gymboree Corporation
October 13 2010 - 5:22PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
The Gymboree Corporation (“Gymboree” or the “Company”) (Nasdaq:
GYMB) relating to the proposed acquisition by affiliates of Bain
Capital Partners, LLC (‘Bain Capital”).
Under the terms of the anticipated tender offer, Gymboree
shareholders would receive cash of $65.40 for each share of
Gymboree stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law. The
transaction appears to be unfair, in part, given that an analyst
set a price target for Gymboree at $68.00 per share. Thus,
shareholders need additional information to know if the Board of
Directors breached their fiduciary duties by failing to adequately
shop the Company, which has resulted in Bain Capital underpaying
for the company.
If you own shares of Gymboree and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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