Brief: The One Group Hospitality Signs Asset Purchase Agreement For Kona Grill

One Hospitality

03/09/2019 14:02

Sept 3 (Reuters) - One Group Hospitality Inc  STKS.O :
    * THE ONE GROUP HOSPITALITY SIGNS ASSET PURCHASE AGREEMENT
FOR
KONA GRILL
    * ONE GROUP HOSPITALITY INC - AGREES TO ACQUIRE CERTAIN
ASSETS IN
KONA GRILL'S CHAPTER 11 BANKRUPTCY FOR $25 MILLION
    * ONE GROUP HOSPITALITY INC - ACQUISITION EXPECTED TO ADD
APPROXIMATELY $100 MILLION IN ANNUAL REVENUE AND TO BE ACCRETIVE
TO EARNINGS POST INTEGRATION
    * ONE GROUP HOSPITALITY INC - COMPANY HAS AGREED TO PURCHASE
REMAINING 24 OF KONA'S DOMESTIC RESTAURANTS AND ASSUME CERTAIN
CONTRACTS

Source text for Eikon:  ID:nBw7BCWnma 
Further company coverage:  STKS.O 

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