December 20, 2016 / 12:27 PM / 9 months ago

BRIEF-Imvescor Restaurant Group to acquire Ben & Florentine

Dec 20 (Reuters) - Imvescor Restaurant Group Inc

* Imvescor Restaurant Group to acquire Ben & Florentine

* Imvescor Restaurant Group Inc - asset transaction with total consideration of approximately $17.7 million payable

* Imvescor Restaurant Group Inc says expect this transaction to be immediately accretive to earnings, while creating a new growth oriented brand

* Imvescor Restaurant Group Inc - deal also includes an additional earn-out payment of up to $7.3 million payable in Q1 of 2018

* Imvescor Restaurant Group Inc says deal will be an asset transaction with total consideration of approximately $17.7 million payable at closing

* Imvescor Restaurant Group Inc - intends to finance acquisition through a combination of cash on hand and its existing credit facility Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below