Thursday, December 14, 2006

Cramer Doubts Lampert Would Buy Gap (GPS)

Commenting on renewed speculation that hedge fund guru and Chairman of Sears Holdings (Nasdaq: SHLD) Eddie Lampert may try to buy Gap Inc. (NYSE: GPS), Jim Cramer, at said, "Eddie has poached the best people from Gap over the years. I doubt he would want to buy the company when he can buy the people." Cramer suggests the rumors are being floated by bears in Sears Holdings.

Shares of Gap are up 2.7% today after the rumors were discussed at industry publication, Women's Wear Daily (

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