WILBRAHAM Mass. Shareholders in Friendly Ice Cream Corp., the operator or franchisor of 515 Friendly’s family-dining restaurants, approved on Wednesday a buyout of the company by Sun Capital Partners Inc. affiliate Freeze Operations Inc. in a deal valued at $337.2 million, including debt. The transaction, which was first proposed in June and calls for Friendly shareholders to receive $15.50 per share in cash, is expected to close Thursday. Based on the preliminary results from the ...

Register to view this article

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 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:Brian Galletta(813) 627-6722Brian.galletta@penton.comorDesiree Torres(813)-627-6792Desiree.Torres@penton.com

Already registered? here.