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Restaurants & Bars

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Fiesta Restaurant CEO Tim Taft to retire at year end

Thursday, 25 Aug 2016

Fiesta Restaurant Group, Inc. : CEO Tim Taft to retire at year end . Board of directors to reevaluate strategic plan . Company's board will immediately commence a search for Taft's successor . Appoints committee to seek successor and provide transition oversight . Committee will also consider composition of board and make any suggestions . Board of directors intends to review company's strategic plan, including separation of Taco Cabana . Board intends to reconsider fully Fiesta's options, including possible continued ownership of Taco Cabana . Board to review new store opening,capital expenditure plan in light of new market dynamics and recent operating performance .Due to Fiesta's relatively low tax basis in Taco Cabana of about $60 million,a tax-free spin-off may remain a "viable route".

Xiao Nan Guo to buy a 9.82 pct stake in Wowo limited

Thursday, 25 Aug 2016

Wowo Ltd : Xiao nan guo adopted resolution to acquire a 9.82% stake in wowo limited . Total consideration of hk$368.4 million (approximately us$47.5 million) .85.57% voted for ordinary resolution for xiao nan guo to acquire a 9.82% stake in wowo limited.

Marcato Capital updates on talks with Buffalo Wild Wings

Thursday, 25 Aug 2016

Marcato Capital Management LP: During talks with Buffalo Wild Wings, Marcato reiterated that board would benefit from "substantial change" in composition of board . Emphasized it would be "inappropriate" for Buffalo Wild Wings's board to select new directors without consultating major shareholders . Willing to offer senior Marcato executive to serve on Buffalo Wild Wings's board - SEC filing .Owns 5.2 percent stake in Buffalo Wild Wings as of Aug. 25, 2016.

Kone to acquire remaining 20 pct in Chinese subsidiary

Thursday, 25 Aug 2016

Kone Oyj : Says will acquire the remaining 20 percent stake in its Chinese subsidiary GiantKONE Elevators Co. from Zhejiang Giant Holdings . Says acquisition price is approximately 180 million euros ($203.27 million) . Says following this transaction Kone will increase its shareholding in GiantKONE from 80 percent to 100 percent .Says the acquisition will not have an impact on Kone's sales or operating income..

Retail Food Group announces acquisition of Hudson pacific corporation

Thursday, 25 Aug 2016

Retail Food Group Ltd : Acquisition of Hudson Pacific Corporation (hpc) . Entry into a share purchase agreement to acquire business and operations of Hudson Pacific Corporation .

Food Idea says unit disposes 3 mln CCB shares<8179.HK>

Wednesday, 24 Aug 2016

Food Idea Holdings Ltd <8179.HK>: Unit disposed on-market a total of 3 mln CCB shares for gross sale proceeds of approximately HK$17.22 million . Food Idea-discloseable transaction for disposal of listed securities . Says expected to recognise a gain of approximately HK$2.03 million . Says group intends to use proceeds of the disposal for other investment purpose .

Thai Minor aims for revenue growth of 10-15 pct/yr in 2016-2020

Wednesday, 24 Aug 2016

Minor International Pcl : Aims for average revenue growth of 10-15 percent a year during 2016-2020, Chaiyapat Paitoon, vice president for corporate planning, says during quarterly earnings presentation. . Says aims for average profit growth of 15-20 percent a year over next five years and to focus on boosting margin . Says plans to invest about 40-45 billion baht ($1.16-1.3 billion) over next five years on expanding food and hotel businesses Further company coverage: [MINT.BK] ($1 = 34.6000 baht) (Reporting by Khettiya Jittapong; Editing by Adrian Croft) ((khettiya.jittapong@thomsonreuters.com;)).

Bid Corporation says FY HEPS up 32.5 pct to 1080 cents

Wednesday, 24 Aug 2016

Bid Corporation Ltd : Reviewed provisional results for the year ended June 30 2016 . Revenue 2016 140.5 bln rand up 20.8 pct . FY HEPS 2016 1080.0 cents versus 2015 815.2 cents . Trading profit 2016 5.2 bln rand up 26.1 pct . Growth in out-of-home eating where customers quest for quality products, differentiation of service and innovative solutions, is expected to continue . We retain significant headroom to accommodate expansion opportunities, both acquisitive and organic in a low interest rate environment . Currency volatility is likely to continue to impact Bidcorp's translated results in current global environment .Directors have declared a final gross cash dividend of 241.0 cents.

Jubilant Life Sciences gets ANDA approval for telmisartan tablets

Wednesday, 24 Aug 2016

Jubilant LifeSciences Ltd : Jubilant Life Sciences receives ANDA approval for telmisartan tablets .

Ajisen China Holdings says HY turnover decreased by 11.1 pct to hk$1.40 billion<0538.HK>

Tuesday, 23 Aug 2016

Ajisen China Holdings Ltd <0538.HK>: Says HY turnover decreased by 11.1% to hk$1.40 billion . HY profit attributable to owners of the company increased by 506.2% to hk$671.2 million . Says interim dividend of hk4.90 cents per ordinary share .

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