Restaurants & Bars
Kappa·Create Holdings Co Ltd announces takeover bid offered by subsidiary of Colowide Co Ltd and private placement
Kappa·Create Holdings Co Ltd:Wholly owned Kanagawa-based subsidiary of Colowide Co Ltd offered a takeover bid for up to 17,816,100 shares (a 38.2 pct stake) (or no less than 13,199,999 shares) of Kappa·Create Holdings Co Ltd.Offered purchase price at 1,048 yen per share.Takeover bid total amount at 18,671 mln yen.Offering period from Oct. 28 to Nov. 27.Settlement starts on Jan. 16, 2014.Kappa·Create Holdings Co Ltd resolved to issue 15,161,200 new shares at the price of 1,048 yen per share, or for 15,888,937,600 yen in total, through private placement to wholly owned Kanagawa-based subsidiary of Colowide Co Ltd and says payment date on Dec. 4.Says wholly owned Kanagawa-based subsidiary of Colowide Co Ltd to hold a 50.67 pct stake in Kappa·Create Holdings Co Ltd after transaction of takeover bid and private placement.Says SHINMEI Holdings to sell 13,199,999 shares (a 28.30 stake) in Kappa·Create Holdings Co Ltd, due to takeover bid offered by subsidiary of Colowide Co Ltd.
Retail Food Group Limited:Announces its entry into a Sale & Purchase Agreement (SPA) to acquire the global business and intellectual property assets of Gloria Jean’s Coffees.Says the transaction comprises a range of assets including;.The global Intellectual Property rights to the Gloria Jeans Coffees & It’s a Grind Brand Systems;.Franchisor in respect of 40 licenced international territories;.Operational management of the Australian and USA regions;.Wholesale coffee roasting operations in Australia and the USA; and.All associated plant and equipment.
MTY enters into an agreement to acquire the assets of Manchu Wok, Wasabi Grill & Noodle and SenseAsian
MTY Food Group Inc:Announces that its wholly-owned subsidiaries MTY Tiki Ming Enterprises Inc. and MTY Franchising USA, Inc. have entered into a binding agreement to acquire the assets of a group of companies.Says that owns and operate the Manchu Wok, Wasabi Grill & Noodle and SenseAsian restaurants mainly in Canada and in the United States.Says the total consideration for the transaction is expected to be $7.9M, paid from MTY's cash on hand.Says the closing of the transaction is scheduled to happen on or before Dec.16.