Fairfax Financial Holdings completed the acquisition of Recipe Unlimited from Cara Holding for $933m.

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.