January 31, 2018 / 1:08 PM / 6 months ago

BRIEF-Meritage Reports Acquisition Of 38 Wendy's Restaurants In Connecticut And Massachusetts

Jan 31 (Reuters) - Meritage Hospitality Group Inc:

* MERITAGE REPORTS ACQUISITION OF 38 WENDY’S RESTAURANTS LOCATED IN CONNECTICUT AND MASSACHUSETTS

* MERITAGE HOSPITALITY - ‍FUNDED ACQUISITION THROUGH A PRIVATE PLACEMENT OF PREFERRED STOCK, CASH ON HAND AND DEBT FINANCING​

* MERITAGE HOSPITALITY - ‍EXPECTS RESTAURANTS ACQUIRED TO ADD ABOUT $75.0 MILLION IN ANNUAL SALES AND BE ACCRETIVE TO EARNINGS GOING FORWARD​ Source text for Eikon: Further company coverage:

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