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 | | NEW YORK (Reuters) - Investors looking for a leveraged buyout of Gap Inc. (GPS.N: Quote, Profile, Research) might be disappointed, the president of Esplanade Capital said on Tuesday, citing the apparel retailer's valuation and the need for a corporate makeover. |
 | | "We don't think it will be taken out" in an LBO, said Shawn Kravetz at the Reuters Investment Outlook 2007 Summit in New York. |
 | | Buyout speculation has lingered for months around retailers such as BJ's Wholesale Club Inc. (BJ.N: Quote, Profile, Research), Barnes and Noble Inc. (BKS.N: Quote, Profile, Research), Borders Group Inc. (BGP.N: Quote, Profile, Research), as well as Gap. |
| today.reuters.com /summit/summitarticle.aspx?type=summitNews&summit=InvestmentOutlookSummit07&storyid=2006-12-13T001706Z_01_N08439258_RTRUKOC_0_US-INVESTMENT-SUMMIT-GAP.xml (358 words) |
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