Monday, January 08, 2007

CNBC Reports Gap (GPS) Hired Goldman Sachs To Review Strategic Options, Including Possible Sale

According to reports from CNBC's David Faber, Gap (NYSE: GPS) hired Goldman Sachs to review strategic options, which could include a possible sale.

Faber said the Fisher family, which controls a large percentage of the stock, could consider a going private transaction or could team with private equity firms to put together a leveraged buyout.

Faber said many firms have run the numbers on a Gap LBO recently and there has been no shortage of speculation on the name. Faber said the hiring of Goldman doesn't mean a sale is imminent as strategic options could simply involved a review of the brands.

Link To CNBC Video

Labels: ,


Post a Comment

<< Home