CHARLOTTE N.C. Chanticleer Holdings Inc., which in March agreed to buy 22-unit franchisee Hooters Inc. in Florida for $55.1 million, on Tuesday said it was buying the assets of Dallas-based Texas Wings, a 45-unit Hooters franchisee, for $106 million. The investment firm said both acquisitions are expected to close during the current quarter, and that the Texas Wings buyout would be for $53 million in cash, $37 million in Chanticleer stock and convertible notes whose principal is about ...
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Contact: Desiree Torres Desiree.Torres@penton.com