Common Contracts
1 similar Merger Agreement contracts
April 11, 2013 iParty Corp 270 Bridge Street, Suite 301 Dedham, MA 02026 (781) 329-3952 Dear Stockholders:Merger Agreement • May 5th, 2020 • Delaware
On March 1, 2013, iParty Corp., a Delaware corporation (‘‘iParty’’), announced that it had entered into an Agreement and Plan of Merger (the ‘‘Merger Agreement’’) among Party City Holdings Inc. (‘‘Parent’’), a Delaware corporation, Confetti Merger Sub, Inc., a Delaware corporation and a direct wholly-owned subsidiary of Parent (‘‘Merger Sub’’) and iParty. Pursuant to the terms of the Merger Agreement, Merger Sub will be merged with and into iParty, with iParty being the surviving corporation, becoming a wholly-owned subsidiary of Parent (the ‘‘Merger’’) and (i) each share of Common Stock of iParty (the ‘‘Common Stock’’) will be converted into the right to receive $0.45; (ii) each share of Series B Convertible Preferred Stock of iParty (the ‘‘Series B Stock’’) will be converted into the right to receive 100% of its liquidation preference of $20.00 per share; (iii) each share of Series C Convertible Preferred Stock of iParty (the ‘‘Series C Stock’’) will be converted into the right to re
