WILBRAHAM Mass. Friendly Ice Cream Corp., parent of the 515-unit Friendly's family restaurant chain, said Sunday it had agreed to be acquired by an affiliate of private-equity firm Sun Capital Partners Inc. for $15.50 per share, or $337.2 million in total consideration. Friendly has said since March that it was seeking strategic alternatives, while battling with activist investor and Western Sizzlin chairman and chief executive Sardar Biglari. Through Western Sizzlin, a family ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com