Brief: Landcadia Holdings And Waitr Inc Announce Merger Agreement

Landcadia Holdings IV

16/05/2018 22:50

May 16 (Reuters) - Landcadia Holdings Inc  LCAHU.O :
    * LANDCADIA HOLDINGS, INC. AND WAITR, INCORPORATED ANNOUNCE
MERGER
AGREEMENT
    * LANDCADIA HOLDINGS INC - UNDER TERMS OF DEFINITIVE
AGREEMENT,
LANDCADIA WOULD ACQUIRE WAITR FOR $308 MILLION IN TOTAL
CONSIDERATION
    * LANDCADIA HOLDINGS INC - IMMEDIATELY FOLLOWING PROPOSED
TRANSACTION, LANDCADIA INTENDS TO CHANGE ITS NAME TO WAITR
HOLDINGS INC
    * LANDCADIA HOLDINGS INC - LANDCADIA WILL PAY MINIMUM OF $50
MILLION IN CASH TO EQUITY HOLDERS OF WAITR AT CLOSING OF
PROPOSED TRANSACTION
    * LANDCADIA HOLDINGS INC - CURRENT WAITR MANAGEMENT TEAM TO
CONTINUE LEADING COMBINED COMPANY
    * LANDCADIA HOLDINGS INC - COMBINED COMPANY EXPECTED TO BE
LISTED
ON NASDAQ STOCK MARKET
    * LANDCADIA HOLDINGS INC - CHRIS MEAUX, FOUNDER AND CEO OF
WAITR,
AND REST OF WAITR EXECUTIVE TEAM WILL CONTINUE IN RESPECTIVE
ROLES IN COMBINED COMPANY
    * LANDCADIA HOLDINGS INC - BOARDS OF DIRECTORS OF BOTH
LANDCADIA
AND WAITR HAVE UNANIMOUSLY APPROVED PROPOSED TRANSACTION
    * LANDCADIA HOLDINGS - LANDCADIA TO PAY  REMAINDER OF $308
MILLION
CONSIDERATION IN COMBINED CO'S COMMON STOCK TO WAITR EQUITY
HOLDERS AT CLOSING OF DEAL
    * LANDCADIA HOLDINGS INC - TILMAN J. FERTITTA TO SERVE AS A
DIRECTOR OF COMBINED COMPANY

Source text for Eikon:  ID:nBw6yKyKSa 
Further company coverage:  LCAHU.O 

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