CFC International Going Private
Quad-C will pay $16.75 a share.
Film manufacturer
CFC International
(CFCI)
agreed to be taken private by Quad-C Management for $72 million, or about $16.75 a share, in cash.
Virginia-based Quad-C is a $2 billion private equity company best known for its pre-IPO financing of
Red Robin Gourmet
(RRGB) - Get Report
.
CFC closed at $14.40 Monday and was recently up $1.85, or 12.9%, to $16.25 in after-hours trading. The stock traded as high as $29.28 as recently as April and as low as $12.18 as recently as January 2005.
CFC, which was once the film division of Morton Thiokol, is controlled by Roger Hruby, who has agreed to approve the merger.
