07-01-2009, 09:15 AM
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Join Date: Nov 2007
Gap is a clusterfuck to do anything with. There has been half a dozen attempts by private equity firms to take the company private and restructure it, but their ownership and board is so concentrated that this is near impossible unless the family get's the price they want.
Even assuming they pay a 30% premium the price would only be a little over $20 a share. And the family (in their stupidity) will point to the fact that just 2 years ago they traded for much more than that.
It would be nice, to see a company that would actually hire a real management team, which would hire a real designer to leverage GP/ON/BR's footprint in the US, but if ownership rejected the 50% range premiums offered late last year early this year, I don't think they can actually be bought out.