Priceline is buying OpenTable for $2.6B
Priceline offered $103 a share in cash for the company, a 46% premium over its closing price Thursday, according to the Wall Street Journal. The deal is said to close in the third quarter.
Food, Restaurants Make Tasty Target for VCs
Since April last year, at least 15 companies that home-deliver restaurant meals have been funded, and a record 11 startups in the separate category of general food products got funded in 2013,
Ontario Teachers' Pension Plan Puts $300mn into Flynn Restaurant Group
Flynn Restaurant Group LP (FRG), the largest restaurant franchise group in the US, today announced that it has received a strategic investment of approximately $300 million from Ontario Teachers' Pension Plan (OTPP), one of Canada's largest and most active pension investors.
Activists Turn Up Heat On Darden: Red Lobster Deal 'Unconscionable,' Board 'Misleading'
In December the restaurant group revealed plans to release its oldest but worst performing segment into the wild. The initial plan was to create two independent companies but after considering a numb...
Shareholders Reject Chipotle Exec Compensation Package
Shareholders at Chipotle Mexican Grill resoundingly rejected the company's executive -pay policies and declined to approve additional shares to reward management....
Fat Face and PizzaExpress Up for Auction as Firms Test Buyers' Appetites
Buyout firm Bridgepoint has pressed the button on a stockmarket listing that values Fat Face, started by ski bums Tim Slade and Jules Leaver to subsidise their life on the slopes, at about PS440m. Me...
Pizza chain Sbarro files for bankruptcy - Mar. 10, 2014
In a statement Monday the chain said the bankruptcy filing is a pre-packaged plan, which means that it has already agreed on a reorganization plan with creditors that hold 98% of the company's debt. ...
The Secret to Success from Hedge Fund Owner and Iron Chef Creator
The billionaire founder of hedge fund firm Bridgewater and the frenetic Iron Chef share a strong taste for meditation....
Private Equity Trying to Fill Their Appetite with Restaurants
Private equity firms are hungry for a piece of the restaurant industry, and are getting creative as they look for new entries into the sector....
Starboard May Have the Upper Hand on Darden by Hiring Ex-Olive Garden President
One of the hedge funds battling Darden Restaurants' plan to spin-off its Red Lobster franchise has hired the former head of one of its other struggling chains....