FTD Group (NYSE:FTD) has hired Goldman Sachs (NYSE:GS) to help it explore a possible sale of the company, according to a report by Reuters. Although rumors of such a sale have surrounded the company for several months, sources are now saying that bids could be received as early as December. The stock is majority owned by Leonard Green & Partners, who took the company public roughly 19 months ago. Although the company has a significant amount of debt, they are trading below enterprise value with a low PE for its industry and have performed very well in the past eight months. This is definitely a stock to watch, as buyouts typically come at significant premiums to the current market prices. The stock moved up 5% in morning trading on the news.

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