Announced
Completed
Financials
Tags
restaurants chain
Restaurants and Bars
Friendly
Public
Canada
Majority
Acquisition
Domestic
Single Bidder
Privatisation
Completed
Synopsis
Fairfax Financial Holdings, a financial holding company based in Toronto, completed the acquisition of Recipe Unlimited, a Canadian company that operates several restaurant chains, from Cara Holdings, a restaurant chain operator, for $933m. Toronto-based Fairfax agreed to pay $16.1 a share in cash for the company, which owns fast-casual and fast-food brands such as East Side Mario’s, Kelseys and Swiss Chalet. The price is a 53% premium to the share price's last close.
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