Brief: The One Group Hospitality Inc To Acquire Owner Of Benihana

One Hospitality

26/03/2024 21:45

March 26 (Reuters) - One Group Hospitality Inc  STKS.O :
    * THE ONE GROUP HOSPITALITY, INC. TO ACQUIRE OWNER OF
BENIHANA
    * ONE GROUP HOSPITALITY INC: TRANSACTION IS VALUED AT $365
MILLION
    * ONE GROUP HOSPITALITY INC - PROPOSED DEAL EXPECTED TO BE
ACCRETIVE TO DILUTED EARNINGS PER SHARE
    * ONE GROUP HOSPITALITY INC: DEAL WILL BE FINANCED WITH $160
MILLION IN PREFERRED EQUITY AND A PORTION OF A NEW $390 MILLION
TERM LOAN AND CREDIT FACILITY
    * ONE GROUP HOSPITALITY INC: EXPECTS THAT IT WILL TAKE 24
MONTHS
TO REALIZE SYNERGIES POST-CLOSING

Source text for Eikon:  ID:nBw9tJmHxa 
Further company coverage:  STKS.O 

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