Deal Reporter Reports Gymboree Close To Deal (GYMB)

Deal Reporter is reporting that The Gymboree Corporation

is close to a deal for the company. Last week, the Wall Street Journal had reported that the company was in talks to sell itself, sending shares sharply higher. The Gymboree Corporation, a specialty retailer, operates stores that offer apparel, accessories, and play programs for children in the United States, Canada, and Puerto Rico. Shares of Gymboree are currently down 44 cents to $49.42 in early Monday trading.