Champps acquired by Fox & Hound subsidiary

By Lisa Kerner

Charlotte, N.C., Oct. 22 - Champps Entertainment, Inc. is now a wholly owned subsidiary of F&H Acquisition Corp. following completion of the companies' merger first announced in July.

Champps shareholders will receive $5.60 cash per share, according to a company news release. It was previously reported that the deal is valued at about $74.8 million.

F&H is the parent company of Fox & Hound Restaurant Group.

Champps, based in Littleton, Colo., owns and operates 48 and franchises/licenses 13 restaurants in 21 states.

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