Landry's, Inc. ("Landry's") announced that it has sent a letter to Ark Restaurants Corp. (ARKR) proposing to acquire Ark in a negotiated transaction for $22.00 per share, which represents a 22% premium to Ark's closing price on February 6, 2013. A copy of the letter is set forth below.
Imvescor Restaurant Group Inc. ("IRG" or the "Company") (IRG.TO) reported financial results today for the 13 weeks ended October 28, 2012 (or "fourth quarter") and 52 weeks ended October 28, 2012 (or "year end"). The 2011 results are for the 13 and 52 weeks ended October 30, 2011 .
Good Times Restaurants Inc. (GTIM) today announced its same store sales increased 11.6% for the month of December and 3.8% for its first fiscal quarter. Sales for the new breakfast daypart featuring authentic Hatch Valley Green Chile Breakfast Burritos were approximately 5.9% for the quarter, which was rolled out system-wide throughout the quarter.
Commenting on the sales trends, President & CEO, Boyd Hoback said, “We have had a cumulative increase in same store sales in excess of 20% over the last three years in our first quarter and we are excited about additional initiatives planned for this year to continue our momentum.
Good Times Restaurants Inc. (GTIM) today announced its same store sales increased 6.8% for the month of November. Same store sales decreased .9% for its fourth fiscal quarter ended September 30, 2012, however road construction materially impacted two restaurants and without those disruptions, same stores sales would have increased 1.3% in the fourth quarter, the ninth consecutive quarter of same store sales increases.
Shareholders May Elect $12 Per Share In Cash Or $3 Per Share In Cash And Stock In New Co.
J. Alexander’s Corporation (JAX), today announced that on Friday, June 22, the Company entered into an agreement with Fidelity National Financial, Inc. (FNF) to merge the Company with a subsidiary of American Blue Ribbon Holdings, Inc. (“ABRH”), a newly formed, indirect majority owned subsidiary of FNF. Immediately following the merger, J. Alexander’s will be combined with the current restaurant operations of ABRH, LLC, a restaurant operating company and an indirect majority owned subsidiary of FNF. Following the transaction, the combined restaurant operating company will own and operate over 700 restaurants in 43 states under seven different restaurant concepts with total combined annual revenue of approximately $1.5 billion.
