Crumbs: The $66 Million Cupcake Empire

The cupcakes produced by Crumbs are rich. Now they are about to make their founders rich, too.
In January, Crumbs, the chain founded in 2003 as a single store on New York's Upper West Side, agreed to be acquired by a public special-purpose company, 57^th St. General Acquisition Corp. The price: about $66 million, including $27 million in cash and $39 million in stock. Once the transaction closes later this month, the shares of Crumbs Bake Shop will trade on the NASDAQ.  Click here to read more