Market Alert: Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Gymboree Corp. - GYMB

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 12, 2010 --

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.

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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SOURCE: Faruqi & Faruqi, LLP