Brief: Hostmore Proposes All-Share Acquisition Of TGI Fridays For Enterprise Value Of 177 Mln Stg

Hostmore

16/04/2024 08:27

April 16 (Reuters) - Hostmore PLC  MOREH.L :
    * PROPOSED ALL-SHARE ACQUISITION OF TGI FRIDAYS, INC
    * TGI FRIDAYS IS EXPECTED TO BE PURCHASED FOR AN ENTERPRISE
VALUE
OF £177 MILLION
    * COMBINED GROUP WOULD HAVE HAD UNDERLYING FY23 REVENUE OF
APPROXIMATELY £490 MILLION
    * HEADS OF TERMS AGREED REGARDING A PROPOSED ALL-SHARE
ACQUISITION
OF TGI FRIDAYS
    * AGREED PROPOSED TRANSACTION TO RESULT IN EXISTING HOSTMORE
SHAREHOLDERS HOLDING A 36% SHAREHOLDING IN COMBINED GROUP
    * AGREED PROPOSED TRANSACTION WOULD RESULT IN TGI FRIDAYS
SHAREHOLDERS HOLDING A 64% SHAREHOLDING IN COMBINED GROUP

Source text for Eikon:  ID:nRSP7283Ka 
Further company coverage:  MOREH.L 

 ((Reuters.Briefs@thomsonreuters.com;))