Factory Card & Party Outlet to merge with Amscan Acquisition
Factory Card & Party Outlet Corp. (Nasdaq: FCPO), operator of retail party chain stores, said today that Amscan Acquisition, Inc., a subsidiary of AAH Holdings Corp., bought 92% of its outstanding shares for $16.50 per share.
Amscan Acquisition will merge with and into Factory Card & Party Outlet, and Factory Card & Party Outlet will become a wholly-owned subsidiary of Amscan Holdings.
Shares of Factory Card & Party Outlet (FCPO) were halted in pre-market trading.
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