House of Fabrics Makes Bid: The Los...
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From Times Staff and Wire reports
House of Fabrics Makes Bid: The Los Angeles-based retailer of fabrics, notions, crafts and sewing machines said it offered $13.50 in cash or common stock to buy Fabricland of Portland, Ore. House of Fabrics said the offer is contingent on working out a definitive agreement and the approval of both firms’ boards and shareholders, and that of regulatory authorities. House of Fabrics operates 629 stores in 43 states; Fabricland has 80 stores in six Western states selling similar merchandise.
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