Mitch Francis made an offer to acquire remaining 84.9% stake in Tix Corporation (OTCPK:TIXC) from Baker Street Capital Management, Baker Street Capital, L.P., Steve Handy, Kimberly Simon, Norman Feirstein, Benjamin Frankel, Sam Georges, Andy Pells, Vadim Perelman and other shareholders for $45.2 million in cash in a management buyout on June 5, 2012. Mitch Francis is the President, Chief Executive Officer and Chairman of the Board of Tix Corporation. He offered to pay $2.25 for each share of Tix. The transaction is subject to obtaining financing, negotiation and execution of a definitive merger agreement and approval of Special Committee of Board of Directors of Tix. Foros Securities LLC acted as financial advisor for Mitch Francis. Houlihan Lokey Capital, Inc. acted as the financial advisor for the special committee.