5 things to know about the $380M TGI Fridays/Allegro Merger

On Friday, Nov. 8, privately-held TGIF Holdings LLC and special purpose acquisition company Allegro Merger Corp. announced an agreement that would take the casual-dining chain public. TGI Fridays will receive $30 million in a combination of cash and stock, and New York-based Allegro will also assume $350 million of net debt from the struggling Dallas-based restaurant chain.