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Private-equity firm Bain Capital Partners LLC has agreed to purchase Gymboree Corp
GYMB for $1.8 billion or $65.40 per share, representing a 24% premium to Gymboree's closing price on Friday. Shares of Gymboree surged about 31% following the news.
Energy stocks moved up slightly driven by Chesapeake Corp
CHK after CNOOC Ltd
CEO announced its plans to invest more than $2 billion in CHK. The NYSE Arca Oil Index (XOI) rose about 0.11%, while the NYSE Arca Natural Gas Index (XNG) moved up about 0.71%. The Philadelphia Oil Service Index (OSX) inched up about 0.07%.
Gold prices moved down slightly after a slight rebound in the US dollar. The gold contract for December delivery moved down about 0.07%. December silver futures contract was up about 0.35% on NYMEX.
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from Benzinga's Markets.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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