Restaurant Group, which owns Wagamama and Frankie & Benny’s, accepts 65p bid
US private equity firm Apollo has offered 65p per share for the Restaurant Group.
The bid, for the company which owns a number of pub outlets in airports as well as Wagamama and F&B’s, has accepted the offer which values the company at £701 milllion. IGTV’s Jeremy Naylor says this a small number compared to where the business was seven years ago at £5 per share. It is a premium of around 34% to the closing share price on Wednesday.
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