Restaurants & Bars

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Papa Murphy's Holdings Inc announces completion of nine unit acquisition in Minneapolis

Friday, 12 Sep 2014

Papa Murphy's Holdings Inc:Says acquisition of nine Papa Murphy's stores in Minneapolis, MN for about $3.4 mln.Company completed acquisition of locations from single franchisee in mid-August, bringing the company-owned store count to 24 units in the Minneapolis market. Overall, Papa Murphy's and its franchisees operate 78 stores in Minneapolis market.

Sodexo SA's Sodexo Motivation Solutions U.K. Ltd and Motivcom plc reach agreement on terms of recommended acquisition

Friday, 12 Sep 2014

Sodexo SA:Says its wholly-owned subsidiary Sodexo Motivation Solutions U.K. Ltd (SMSUK) and Motivcom plc have reached an agreement on the terms of a recommended acquisition under which SMSUK will acquire the entire issued and to be issued ordinary share capital of Motivcom.Under the terms of the Offer, shareholders of Motivcom (Motivcom Shareholders) will receive 148 pence per ordinary share of 0.5 pence each in the share capital of Motivcom.Says the Offer values the entire issued and to be issued share capital of Motivcom at 41 million Pounds, represents a 20.8 per cent premium to Motivcom's closing share price of 122.5 pence on Sept. 11 and;.Represents a 23.6 per cent premium to Motivcom's average volume weighted share price of 119.7 pence for the three months ended Sept. 11.Consideration payable under the Offer will be funded entirely through the existing cash resources of SMSUK, with no requirement for any funding from third party providers of finance.

Diamond Dining Co Ltd subsidiary to acquire shops

Friday, 12 Sep 2014

Diamond Dining Co Ltd:Subsidiary to acquire 8 shops from two Tokyo-based companies on Oct. 1.

Restamax Oyj acquires 75 pct in Huippu Henkilostopalvelut

Thursday, 11 Sep 2014

Restamax Oyj:Says Restamax subsidiary Smile Henkilostopalvelut Oy expands operations and buys 75 pct of Huippu Henkilostopalvelut Oy.Says ownership of the entity purchased will transfer on Sept. 15.Says as a result of the transaction, 43,500 shares of the parent company will be transferred to Restamax group.Says total purchase price of the corporate acquisition is 0.5 million euros added with the shares to be bought.Says an additional purchase price of 0.1 million euros is related to the corporate acquisition, to be paid on Dec. 31 2016 is certain conditions are met.

Retail Food Group Ltd announces settlement of Cafe2U acquisition

Thursday, 11 Sep 2014

Retail Food Group Ltd:Says that on Aug. 28, Retail Food Group Ltd entered into share purchase agreement to acquire mobile and portable coffee franchise system Cafe2U.Following satisfaction of all conditions precedent, settlement of transaction was effected on Sept. 11.

Chanticleer Holdings finalizes acquisition of The Burger Company

Wednesday, 10 Sep 2014

Chanticleer Holdings Inc:Announces that the company has finalized the purchase of The Burger Company in Charlotte, NC, an flex casual burger joint in the fast growing better-burger space.

SHINSEGAE FOOD CO., LTD. amends merger with Shinsegae SVN

Friday, 5 Sep 2014

SHINSEGAE FOOD CO., LTD:To merge with Shinsegae SVN, which is engaged in the manufacturing of bread product, to improve operating efficency and create synergy.Merger ratio of 1 : 0.3699007 between the company and Shinsegae SVN.Says 443,880 new shares will be issued for the merger.Expected merger effective date of Dec. 1.The company will survive and Shinsegae SVN will be dissolved after the merger.

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.

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.

Carrols Restaurant Group Inc signs agreements to purchase 64 Burger King restaurants in Tennessee, Indiana and Illinois

Friday, 22 Aug 2014

Carrols Restaurant Group Inc:Signed definitive agreements to purchase 64 BURGER KING restaurants from certain subsidiaries of Heartland Food LLC for a total cash purchase price of about $18.0 million excluding inventory.

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