San Francisco-based Gymboree, who specialize in apparel and gym centers for wee ones, was sold for an astounding $1.8 billion. AP reports: "Gymboree said Monday that the deal is for $65.40 per share, a 24 percent premium to Gymboree’s Friday closing stock price of $52.95. The retailer...currently has about 27.3 million shares outstanding."

For those of you not in the know, Gymboree started in 1976 by Joan Barnes after she couldn't find decent places in which new parents and kids could play and exercise together. "The centers' main purpose is to help children stimulate their development through music, exercise, art, and other activities as well as helping parents know how to participate in furthering their children's mental and physical growth," boasts its Wikipedia page.