Viva Las Vegas!!! Don’t Forget to Grab your Tix4Tonight!
Shares of Tix Corporation (OTCBB: TIXC) jumped up today after the company announced the acquisition of Exhibit Merchandising earlier this morning. TIXC closed up 91 cents (13 percent) to $7.95 per share on volume of just over 120,000 shares. TIXC purchased all of the assets of Exhibit Merchandising LLC for a total of approximately $11.45 million in cash, (including approximately $3.45 million for inventory), and 5 million restricted shares of common stock. Based in Akron, Ohio, Exhibit Merchandising was formed to handle the affiliated merchandising opportunities that its principals created in Arts & Exhibitions, a partner in the successful King…