Gymboree Jumps in Extended Hours Trading on Potential Sale

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Gymboree Corp (GYMB) surged in extended-hours trading following reports that it is considering selling itself to private equity companies.

The stock jumped 19.69% to $49.72 a share as of 7:59 pm ET Thursday.

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The children's clothing's retailer and its bankers have been soliciting interest from potential buyers, The Wall Street Journal reported without naming its sources.

Private equity firms may be interested in purchasing the company, which had earnings of $109.4 million and sales of $1.04 billion in the 12 months ended July.

There is no auction process, and the company may decide not to sell itself, The Wall Street Journal said.
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