Last Tuesday, $590 million market cap Build-A-Bear Workshop Inc. (BBW) held its first quarter conference call, but the optimism included no discussion about M&A. Still, the St. Louis-based company, which operates 260 interactive make-your-own-bear stores in the U.S., Canada, the U.K. and Ireland, has an activist shareholder as its largest and various sources see the company as a prime takeover candidate.
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