CSS Industries Provides Information to the Shareholders
March 03, 2020 at 06:03 am EST
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On March 3, 2020, CSS Industries, Inc. announced that on February 28, 2020, IG Design Group Americas, Inc. (Parent) via its wholly owned subsidiary, TOM MERGER SUB INC (Merger Sub) concluded its offer to purchase all of the outstanding shares of common stock of the Company pursuant to the previously announced agreement and plan of merger, dated as of January 20, 2020, by and among the Company, the Parent, the Merger Sub, and IG Design Group Plc. The Company stated that all of the shares held by Ribs Capital, LLC were tendered in the offer in exchange for $9.40 per share. In addition the Company stated that as a result, Ribs Capital no longer beneficially own any shares.
CSS Industries, Inc. is a United States-based consumer products company. The Company is engaged in development, manufacture, procurement, distribution and sale of various categories of products include seasonal, which includes holiday gift packaging items, such as ribbon, bows, greeting cards, bags, tags and gift card holders, in addition to specific holiday-themed decorations, accessories, and activities; gift, which includes products designed to celebrate certain life events or special occasions, such as weddings, birthdays, anniversaries, graduations, or the birth of a child, and its offered products include ribbons and bows, floral accessories, infant products, journals, gift card holders, all occasion boxed greeting cards, memory books, scrapbooks, stationery and other items; and craft, which includes sewing patterns, ribbons and trims, buttons, knitting needles, needle arts and kids crafts.
CSS INDUSTRIES, INC. 
