Restaurants & Bars
Berjaya Food Bhd announces proposed acquisition of interst in Berjaya Starbucks Coffee Company Sdn Bhd
Berjaya Food Bhd:Proposed acquisition of 11,500,000 ordinary shares of 1Ringgit each representing remaining 50 pct equity interest in Berjaya Starbucks Coffee Company Sdn Bhd not owned by BJFOOD for total cash consideration of $88,000,000.
MTY Food Group Inc:Completes the acquisition of the Canadian assets of Madisons New York Grill & Bar for a total consideration of $12.9 mln.
Kout Food Group KSCC:Announces that it has acquired Coffee Snobs for a total value of 2.5 million Kuwaiti dinars.Says Coffee Snobs manages 14 branches located northeast London.
Red Robin Gourmet Burgers completes acquisition of 32 franchised restaurants in United States and Canada
Red Robin Gourmet Burgers, Inc:Completes acquisition of 32 Red Robin((reg)) franchised restaurants in the United States and Canada, for about $40 mln from Mach Robin, LLC and Mach Robin, LLC's Canadian affiliate.Mach Robin, LLC is a subsidiary of 5B Investments, Inc.
MTY Food Group enters into an agreement to acquire assets of Cafe Depot, Sushi Man, Muffin Plus and Fabrika
MTY Food Group Inc:Says its wholly-owned subsidiary MTY Tiki Ming Enterprises Inc enters into a binding agreement to acquire the assets of a group of companies that owns and operate the Café Dépôt, Sushi Man, Muffin Plus and Fabrika concepts.Acquires two buildings in the process.Total consideration for the transaction is expected to be $14.8 mln.
Restamax Oyj:Restamax and Staff Invest Oy have signed contract of sale by which Restamax or its wholly-owned subsidiary will purchase Staff Invest Oy labor hire service operations and also certain shares of Staff Invest Oy's subsidiaries that provide labor hire services.Object of corporate acquisition comprises about 75 pct of all Staff Invest group's business operations.Restamax will pay a total sum of about 7.7 mln euros of the Staff Invest labor hire services and shares of subsidiaries included in sale.Sum will be adjusted with difference of current assets and borrowed funds of subsidiaries in accordance with financial statements of July 31.Purchase price will be paid in cash.About 7.0 mln euros of purchase price will be paid on date of transferring operations and ownership, and 0.7 mln euro will be paid in 24 equal monthly installments after transfer of operations.Final purchase price will be determined based on financial statements issued on July 31 no later than on Dec. 31, by which date difference between current assets and borrowed funds of companies will also be paid to vendor in accordance with companies' financial statements of July 31.If Extraordinary General Meeting approves and confirms acquisition, operations and ownership will be transferred on Aug. 1, and operations will from then on be included in Restamax Group and reported as separate segment.
Chanticleer Holdings acquires 60pct ownership of Hooters Franchisee, TMIX Management Australia Pty, Ltd.
Chanticleer Holdings Inc:Acquires 60pct ownership of TMIX Management Australia Pty, Ltd., Hooters franchisee in Australia, and its Hooters restaurants in Parramatta and Penrith, both suburbs of Sydney.
Diversified Restaurant Holdings Inc closes acquisition of three Florida Buffalo Wild Wings restaurants
Diversified Restaurant Holdings Inc:Completed the previously announced acquisition of three Florida BWW restaurants for about $3.2 million.
Gayety Holdings Ltd's Food Idea Group Ltd announces memorandum of understanding in respect of possible acquisition of entire issued share capital of Brilliant Forever Ltd
Gayety Holdings Ltd:Says that Food Idea Group Ltd, a wholly owned subsidiary of the company, entered into non-legal binding MOU with Wong Tai Chun in relation to possible acquisition on June 25.Under MOU, Food Idea Group Ltd intends to acquire and with Wong Tai Chun intends to dispose entire issued share capital of Brilliant Forever Ltd.Pursuant to MOU, exact amount of consideration for possible acquisition, manner and method of payment shall be subject to further negotiation between Wong Tai Chun and Food Idea Group Ltd.