Restaurants & Bars

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Bob Evans Farms Inc reaffirms FY 2015 EPS guidance

Tuesday, 26 Aug 2014

Bob Evans Farms Inc:Reaffirms FY 2015 diluted EPS guidance range of $1.90 to $2.20.FY 2015 EPS of $1.90 - Thomson Reuters I/B/E/S.

Ajisen (China) Holdings Ltd declares interim dividend

Tuesday, 26 Aug 2014

Ajisen (China) Holdings Ltd:Declares interim dividend of HK$0.0470 per ordinary share (for six months ended June 30, 2013: HK$0.0359) for the six months ended June 30, 2014.Paid in Hong Kong dollars on Nov. 21 to shareholders whose names appear on the register of members of the company on Sept. 19.

Burger King Worldwide Inc. signs agreement to acquire Tim Hortons Inc

Tuesday, 26 Aug 2014

Tim Hortons Inc and Burger King Worldwide Inc:Reaches definitive agreement under which the two companies will create a new global powerhouse in the quick service restaurant sector.Tim Hortons shareholders will receive C$65.50 in cash and 0.8025 common shares of the new company per Tim Hortons share.Based on Burger King's unaffected closing stock price as of Aug. 22, this represents total value per Tim Hortons share of C$89.32.Based on Burger King's closing stock price as of Aug. 25, this represents total value per Tim Hortons share of C$94.05.As an alternative, each Tim Hortons shareholder will have the ability to elect to instead receive, for each Tim Hortons share held, either (i) C$88.50 in cash or (ii) 3.0879 common shares of the new company.3G Capital is expected to own about 51 pct. of the new company.At the time of closing, Alex Behring, Executive Chairman of Burger King and Managing Partner at 3G Capital, will lead the new global company as Executive Chairman and Director.Daniel Schwartz, CEO of Burger King, will become Group CEO of the new company.Burger King has obtained commitments for $12.5 billion of financing to fund the cash portion of the transaction, including commitments for a $9.5 billion debt financing package led by JP Morgan and Wells Fargo.

Burger King Worldwide Inc. signs agreement to acquire Tim Hortons Inc

Tuesday, 26 Aug 2014

Tim Hortons Inc and Burger King Worldwide Inc:Reaches definitive agreement under which the two companies will create a new global powerhouse in the quick service restaurant sector.Tim Hortons shareholders will receive C$65.50 in cash and 0.8025 common shares of the new company per Tim Hortons share.Based on Burger King's unaffected closing stock price as of Augu. 22, this represents total value per Tim Hortons share of C$89.32.Based on Burger King's closing stock price as of Aug. 25, this represents total value per Tim Hortons share of C$94.05.As an alternative, each Tim Hortons shareholder will have the ability to elect to instead receive, for each Tim Hortons share held, either (i) C$88.50 in cash or (ii) 3.0879 common shares of the new company.3G Capital is expected to own about 51 pct. of the new company.At the time of closing, Alex Behring, Executive Chairman of Burger King and Managing Partner at 3G Capital, will lead the new global company as Executive Chairman and Director.Daniel Schwartz, CEO of Burger King, will become Group CEO of the new company.Burger King has obtained commitments for $12.5 billion of financing to fund the cash portion of the transaction, including commitments for a $9.5 billion debt financing package led by JP Morgan and Wells Fargo.

Ride on Express Co Ltd raises consolidated mid-year outlook for FY 2015

Tuesday, 26 Aug 2014

Ride on Express Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 7,862 million yen from 7,782 million yen for the FY ending March 2015.Operating profit forecast increased to 372 million yen from 267 million yen.Ordinary profit forecast increased to 362 million yen from 265 million yen.Net profit forecast increased to 224 million yen from 139 million yen.Earnings per share increased to 48.22 yen from 30.08 yen.Comments the increased income is the main reason for the forecast.

Future Bright Holdings Ltd declares interim dividend

Friday, 22 Aug 2014

Future Bright Holdings Ltd:Declares to pay an interim dividend of HK3.0 cents per ordinary share in respect of this dividend for the six months ended June 30, 2014.Interim dividend will be payable on or before Sept. 23 to shareholders whose name appears on the register of shareholder on Sept. 12.

Sanko Marketing Foods Co Ltd announces resignation of chairman

Friday, 22 Aug 2014

Sanko Marketing Foods Co Ltd:Says chairman Minoru Hirabayashi to resign on Sep. 25.

Fitch places Alsea SAB de CV's ratings on CreditWatch negative

Thursday, 21 Aug 2014

Alsea SAB de CV:Fitch Ratings has placed AA-(mex) long-term national scale rating on company on CreditWatch negative.

Brinker International announces dividend increase, stock repurchase authorization

Thursday, 21 Aug 2014

Brinker International Inc:Declares a quarterly dividend of $0.28 per share on the common stock.Represents a 17 percent increase in Brinker's quarterly dividend.Payable on Sept. 25 to shareholders of record as of Sept. 5.Authorized an additional $350 million in share repurchases, bringing the total share repurchase authorization to about $3.9 billion as of date.

HR Rating affirms long-term rating on Alsea

Wednesday, 20 Aug 2014

Alsea SAB de CV:HR Rating has affirmed its long-term credit rating on company at HR A+.Outlook stable.

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