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-0.00556586270871973 -0.00556586270871973 -0.00742115027829298 -0.00742115027829298 0.00185528756957341 0.0156771799628943 0.00185528756957341 0.0055658627087199
Stock impact report

FAT Brands Completes Acquisition of Ponderosa and Bonanza Steakhouses for $10.5 Million

FAT Brands Inc. (FAT) 
US:NASDAQ Investor Relations: ir.fatbrands.com
Company Research Source: Business Wire
West Coast Franchisor Adds Southwestern-style Restaurants with International Growth Potential to its Portfolio of Brands LOS ANGELES--(BUSINESS WIRE)-- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) announced that it has successfully completed the acquisition of Homestyle Dining LLC, the parent company to the Ponderosa Steakhouse and Bonanza Steakhouse brands (“Ponderosa” and “Bonanza”), for $10.5 million. With the acquisition of Ponderosa and Bonanza, FAT Brands’ franchisees now operate more than 300 restaurants around the globe with system-wide sales exceeding $300 million. Established in 1965 and 1963 respectively, Ponderosa and Bonanza offer the quintessential American steakhouse experience with a diverse menu featuring delicious flame-grilled steaks and mouthwatering entrees. The two brands operate more than 120 locations across the U.S., Canada, Show less Read more
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