Brief: Hostmore Says No Longer Pursuing TGI Fridays Acquisition

Hostmore

09/09/2024 07:18

Sept 9 (Reuters) - Hostmore PLC  MOREH.L :
    * HOSTMORE PLC  - BUSINESS UPDATE
    * HOSTMORE PLC - FOLLOWING TERMINATION, ACQUISITION IS NO
LONGER
BEING ACTIVELY PURSUED
    * HOSTMORE PLC - NO LONGER PURSUING TGI FRIDAYS ACQUISITION
    * HOSTMORE PLC - SALE PROCESS FOR GROUP'S CORPORATE NOW
REACHED AN
ADVANCED STAGE
    * HOSTMORE PLC - CONSIDERATION FOR STORE SALE WILL BE LOWER
THAN
PAR VALUE OF BORROWINGS CURRENTLY
    * HOSTMORE PLC - SALE PROCESS IS EXPECTED TO COMPLETE IN
LATE
SEPTEMBER

Source text for Eikon:  ID:nRSI3324Da 
Further company coverage:  MOREH.L 

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