Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Gymboree (Nasdaq: GYMB) jumped 22% today on news the company will be purchased for $1.8 billion by Bain Capital.

So What: After rumors that the company was up for sale to private equity buyers last month, Gymboree is selling itself for $65.40. This represents a 57.4% premium to the Sept. 30 closing price.

Now What: Gymboree can still solicit bids until Nov. 20, but given the premium paid by Bain, I'm doubtful bidders will emerge. As I'm writing the stock is trading at $64.97, so this could be a great exit point for shareholders who don't want to risk the deal falling through. It is unlikely Bain will back out, but there's always risk the deal won't close so it might be time to take your gains and run.

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Fool contributor Travis Hoium does not have a position in any company mentioned here. Try any of our Foolish newsletter services free for 30 days. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Motley Fool has a disclosure policy.