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Gymboree’s $1.8 billion acquisition by Bain on track
New York - Gymboree Corp. said Monday it did not receive any offers that top Bain Capital's $1.8 billion bid for the company and so the buyout will proceed.
The allotted time for Gymboree to receive competing offers expired Friday.
"Despite a broad solicitation of potentially interested parties, the Company did not receive any alternative acquisition proposals during the 'go-shop' period," Gymboree said in a statement.