Brief: Meritage Reports Acquisition Of 38 Wendy's Restaurants In Connecticut And Massachusetts

Meritage Hospitality

31/01/2018 13:00

Jan 31 (Reuters) - Meritage Hospitality Group Inc  MHGU.PK : 
    * MERITAGE REPORTS ACQUISITION OF 38 WENDY'S RESTAURANTS  
LOCATED 
IN CONNECTICUT AND MASSACHUSETTS 
    * MERITAGE HOSPITALITY - FUNDED ACQUISITION THROUGH A 
PRIVATE 
PLACEMENT OF PREFERRED STOCK, CASH ON HAND AND DEBT FINANCING 
    * MERITAGE HOSPITALITY - EXPECTS RESTAURANTS ACQUIRED TO 
ADD 
ABOUT $75.0 MILLION IN ANNUAL SALES AND BE ACCRETIVE TO EARNINGS 
GOING FORWARD 
 
Source text for Eikon:  ID:nGNXOMTKVa  
Further company coverage:  MHGU.PK  
 
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