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BRIEF-Ignite Restaurant says certain units entered stalking horse asset purchase deal with KRG Acquisitions

June 8 Ignite Restaurant Group Inc:

* Ignite Restaurant Group Inc - on june 5, co,certain units entered stalking horse asset purchase deal with KRG Acquisitions Co, Llc - sec filing

* Ignite Restaurant Group Inc - KRG Acquisitions Co agreed to purchase substantially all of assets of company

* Ignite Restaurant Group Inc - under asset purchase agreement, KRG Acquisitions co would acquire purchased assets for a purchase price of $50 million

* Ignite Restaurant-potential auction for purchased assets expected to be held in july 2017, final sale hearing expected in aug 2017 - sec filing

* Ignite Restaurant - asset purchase agreement includes a breakup fee of $1.5 million Source text - bit.ly/2sZkCvh Further company coverage:

我们的标准: 汤森路透“信任原则

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