By  on January 8, 2007

Shares of Gap on Monday rose over 11 percent to reach an intraday high of $21.04 in trading on the New York Stock Exchange as investors mulled the possibility that the San Francisco-based company would either sell itself or sell parts of the firm.

The speculation was based on a report on CNBC that Gap hired investment banking firm Goldman Sachs to help it explore its options. Goldman Sachs and Gap both declined to comment.


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