Meritage Hospitality Group Inc reports acquisition of wendy's restaurants and new restaurant developments
Meritage Hospitality Group Inc:Says it has acquired four additional Wendy's restaurants in Jacksonville, FL, began development on its second Wendy's 'image activation' remodel in Mt Zion, GA, and commenced construction of a Wendy's restaurant in Jacksonville FL, scheduled to open in the spring of 2014.
YAMAYA CORP and Chimney Co Ltd:Says YAMAYA CORP has acquired 9,500,000 shares of Chimney Co Ltd through a takeover bid offer during the period from Nov. 8 to Dec. 5.Says transaction price is 1,510 yen per share.Says payment due on Dec. 12.Says YAMAYA will become top shareholder of Chimney, holding 50.22 pct of voting power, up from 1.56 pct.Says Carlyle Japan International Partners II, L.P. will become the fourth major shareholder, holding 4.39 pct of voting power, down from 23.39 pct.Says Carlyle Japan Partners II, L.P. will become the fifth major shareholder, holding 4.24 pct of voting power, down from 22.59 pct.
Chanticleer Holdings Inc:Signs a binding letter of intent to purchase all of the outstanding shares of Dallas Spoon LLC and Dallas Spoon Beverage, LLC (collectively Dallas Spoon), the companies which own and operate Spoon Bar & Kitchen in Dallas, Texas.Intends terms of the preliminary agreement call for Chanticleer to issue 195,000 HOTR units to Dallas Spoon, with each unit consisting of one share of common stock, and one five-year warrant, 97,500 of which are exercisable at $5.50 and 97,500 exercisable $7.00.Says value of the share exchange will be dependent upon Chanticleer Holding's stock price at date of closing.Says closing and final terms are anticipated on or before Dec. 31, 2013, pending approval by Chanticleer's Board of Directors, and review by the NASDAQ Stock Market and the SEC.
Sagami Chain Co Ltd to acquire AJINOMINGEIFOODS SERVICES CO., LTD. from Nissin Foods Holdings Co., Ltd
Sagami Chain Co Ltd:Says it will acquire 270,200 shares (76.07 pct voting rights) of AJINOMINGEIFOODS SERVICES CO., LTD.'s stock from Nissin Foods Holdings Co., Ltd.Says the acquisition amount is 918 million yen.Says transaction effective date Jan. 7, 2014.
Imvescor Restaurant Group Inc:Says a wholly owned subsidiary of Imvescor has acquired the manufacturing facility, customer relationships, the trademark ''Commensal'' as well as all associated retail products marketed under the Commensal brand.Says the transaction was completed as an asset purchase without assumption of any of the previous owners pre-closing liabilities.
Asrapport Dining Co Ltd:Says its wholly owned subsidiary has decided to acquire five roll cake stores and two cheese cake stores from a Japan-based company.Says the transaction date is Dec. 1.
Collins Foods Ltd:Says entered into agreement to acquire Competitive Foods Pty Ltd, the franchisee of 44 KFC restaurants.Says to increase KFC restaurants by 44 to 169 through the acquisition.Says to pay A$55.6 million for the acquisition, which is expected to be completed during Feb. 2014.Says invested A$1.85 mln to acquire 50 percent equity stake in Snag Stand Group, a fast casual dining company.
Asmo Corp updates on new business and acquisition of Broad-minded Small Amount & Short Term Insurance Company
Asmo Corp:Says delayed the start date of new business and acquisition date of Broad-minded Small Amount & Short Term Insurance Company from the end of Nov. to the end of Dec.
Ootoya Holdings Co Ltd:Says it has decided to terminate a joint venture agreement with a Shanghai-based restaurant management company.Says it will acquire a 52.6 pct stake in the joint venture from the Shanghai-based company to wholly own the joint venture.Says the transaction price is 7,070,000 yuan.Says the transaction will be conducted in the middle of December.