Investment Partnership to Buy TCBY

TCBY Enterprises, which sells yogurt at 3,000 locations worldwide ranging from airport carts to stand-alone stores, has agreed to be acquired for $140 million, or $6 a share, from Capricorn Investors, an investment partnership organized by a firm that controls Mrs. Fields’ Holdings. Mrs. Fields’ owns Mrs. Fields and Great American cookies and the Pretzel Time, Pretzelmaker and Hot Sam Pretzel brands. The deal for TCBY will allow those brands to be paired with the TCBY brands at some existing stores and at future locations. TCBY shares jumped $1.69 to close at $5.25 on the NYSE.