Celebrate Express Agrees to $31 Million Takeover by Liberty Media
Luke Timmerman6/26/08
Celebrate Express, (NASDAQ: BDAY) the Kirkland, WA-based online retailer of party supplies, said today it has agreed to be acquired by Liberty Media for $31 million in cash, or $3.90 a share. Liberty, (NASDAQ: LINTA based in Englewood, CO, plans to merge its new property with Buyseasons, another online party supplier retailer it bought in 2006. The sale provides a 70 percent premium for shareholders over today’s closing price of $2.30.
Luke Timmerman is the National Biotech Editor of Xconomy, and the Editor of Xconomy Seattle. E-mail him at ltimmerman@xconomy.com or follow him on Twitter at twitter.com/ldtimmerman.
