WILBRAHAM Mass. With a dissident stockholder publicly blasting its financial performance, Friendly Ice Cream Corp. said it would explore “strategic alternatives to enhance shareholder value,” language that often presages a sale or refinancing. The company, whose main business is a namesake, 514-unit family restaurant chain, said it has retained Goldman Sachs & Co. as a financial advisor and Weil, Gotshal & Manges LLP as a legal advisor to assist in the process.The announcement came a ...
It’s free but we need to know a little about you to continually improve our content.
Why Register?
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 the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!