FAT Brands to Acquire Hurricane Grill and Wings
FAT Brands Inc. (FAT)
US:NASDAQ Investor Relations:
ir.fatbrands.com
Company Research
Source: Business Wire
Pro Forma for Integration Synergies, Annualized Adjusted Cash EPS to Exceed $1.10 Targeting Annualized Cash Dividend of $0.48 per common share in 2018 LOS ANGELES--(BUSINESS WIRE)-- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ:FAT) (“FAT Brands” or the “Company”) today announced that it has signed a definitive agreement to acquire Hurricane Grill & Wings (“Hurricanes”) for $12.5 million. The acquisition will be funded with cash on hand and third party financing, and is expected to close in 2017, subject to customary closing conditions including the receipt of financing. Pro forma for the acquisition and expected synergies from the combined companies, the Company expects its annualized revenue to exceed $17 million and annualized adjusted cash earnings to exceed $11 million, or $1.10 per common share based on 10 million shares outstanding. The combined company’s franchisees will oper
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FAT
News
- FAT Brands Inc. Announces Second Quarter Cash Dividend on Class A Common Stock and Class B Common StockGlobeNewswire
- FAT Brands Ignites Co-Branding Strategy with 40-Unit Northern California Development Deal [Yahoo! Finance]Yahoo! Finance
- FAT Brands Ignites Co-Branding Strategy with 40-Unit Northern California Development DealGlobeNewswire
- Pretzelmaker® Bakes Up Free Pretzel Bite Deal for National Pretzel Day [Yahoo! Finance]Yahoo! Finance
- Pretzelmaker® Bakes Up Free Pretzel Bite Deal for National Pretzel DayGlobeNewswire
FAT
Earnings
- 3/7/24 - Beat
FAT
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- FAT's page on the SEC website