Allegro to take TGI Fridays owner public [Reuters]
ALLEGRO MERGER CORP UNIT (ALGRU)
US:NASDAQ Investor Relations:
nasdaq.com/press-release/allegro-merger-corp-announces-pricing-of-130000000-initial-public-offering-20180702-01071
Company Research
Source: Reuters
Allegro to take TGI Fridays owner public (Reuters) - Blank check company Allegro Merger Corp ( ALGRU.O Upon deal close, TGIF’s shareholders would get a combination of cash-and-stock valued at $30 million. Allegro would assume about $350 million of the company’s net debt. The deal is expected to close in the first quarter of 2020. Cantor Fitzgerald and Piper Jaffray & Co. are acting as capital market advisors to Allegro, while Graubard Miller is acting as its legal advisor. TGIF is represented by Ropes & Gray LLP. Reporting by Ambhini Aishwarya in Bengaluru; Editing by Shailesh Kuber Our Standards: The Thomson Reuters Trust Principles.
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