Restaurants & Bars
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.
Spirit pub company PLC:Says following recent press comment, the Board of Spirit confirms that it has received a preliminary approach from C&C Group plc (C&C) regarding a possible offer for Spirit.Board of Spirit has reviewed the Proposal and rejected it.
Spirit Pub Company plc:Announces that it received a revised proposal from Greene King on 18 October 2014 regarding a possible offer.Revised proposal comprises 0.1322 Greene King shares per Spirit share and a cash payment of 8 pence (including any 2014 final dividend) representing an indicative value of about 109.5 pence per Spirit share based on closing price of Greene King shares on Oct. 17.Under revised proposal, Spirit shareholders would own about 29 percent of combined new Greene King.Says Board is in discussions with Greene King in relation to these terms.
The Second Cup Ltd:Acquires 17 Second Cup cafés concentrated in prime Toronto area locations.Says the cafés are owned by long-standing franchisees, Debbie and Bob Riche.
Young & Co's Brewery Plc:To acquire the entire issued share capital of 580 Limited, a company that through itself and its subsidiaries owns and operates four pubs in prime London locations.Total consideration is 10.4 mln pounds on a debt free basis.
Central Plaza Hotel PCL:Says acquisition of addition 588,000 shares ( 49 pct ) of paid up share capital in kata Phuket Hotel Co Ltd from kata Phuket Hotel 3 Holdings Co Ltd.After 49 pct acquisition, company holds 99 pct in Kata Phuket Hotel Co Ltd.Says total value investment will be 110,000,000 Bhat payable by cash.
Choushimaru Co Ltd:To acquire two Sushi stores from Chiba-based company that has been engaged in sushi and pork cutlet restaurant management.Transaction price 245 mln yen, and planned effective Nov. 16.
Carrols Restaurant Group Inc:Says on Oct. 8, it completed previously announced acquisition of 30 BURGER KING(reg) restaurants located in eastern North Carolina.