Thursday, December 07, 2006

Gap (GPS) Higher on More LBO Chatter

LBO chatter is swirling around Gap Inc. (NYSE: GPS) again today, driving the stock 3.9% higher. We are also hearing chatter than an activist hedge fund may be accumulating a position.
NOTE: GPS has been mentioned as a takeover target for some time, but some analysts have said a deal is unlikely.

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