date:Apr 15, 2013
beneficial to the company, Crumbs Bake Shop said.
Closing of the transaction is conditioned on the parties successful negotiation of definitive transaction agreements, the approval of the NASDAQ to list the shares of or designate for quotation and other customary closing conditions.
As of April 9, Crumbs had 67 locations in 10 states and the District of Columbia. The locations included 17 stores in super regional malls.
In the fiscal year ended Dec. 31, 2012, Crumbs Bake Shop had a net loss o