Cookie Jar Ent. has closed its previously-announced merger transaction with DIC Ent. Effective immediately, DIC will operate as a wholly-owned subsidiary of Cookie Jar.
Stockholders on Monday voted to approve the $87.6 million deal.
Cookie Jar and American Greetings also announced that all litigation involving DIC, the licensing agreement between American Greetings and DIC for STRAWBERRY SHORTCAKE, and Cookie Jar's acquisition of DIC has been dismissed.