Vermont Teddy Bear Going Private

Share this content:
The Vermont Teddy Bear Corp. agreed to be taken private by an investment group led by private equity firm The Mustang Group LLC, Vermont Teddy Bear Corp., Shelburne, VT, reported yesterday.


"As a private company, Vermont Teddy Bear will no longer face the challenges of a small company trying to comply with increasingly complex and costly public company requirements," Vermont Teddy Bear president/CEO Elisabeth B. Robert said in a statement.


The multichannel gift merchant offers customizable bears, pajamas, gourmet foods and floral arrangements through various 800 numbers, Web sites and catalogs.


The company's common stockholders no longer continuing as investors will receive $6.50 in cash per share when the deal is completed on or before Sept. 30. Shares of Vermont Teddy Bear closed at $5.25 yesterday on the Nasdaq.


Robert, who will continue as president/CEO, also will maintain her equity holdings, and certain other longstanding stockholders will remain investors, according to the statement.


Christine Blank covers online marketing and advertising, including e-mail marketing and paid search, for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters


Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here