We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fiesta Restaurant Group Inc | NASDAQ:FRGI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.50 | 8.48 | 8.51 | 0 | 01:00:00 |
|
|
|
(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
||
|
|
|
Item 8.01 |
Other Events.
|
1. |
The disclosure under the heading “The Merger—Background of the Merger” is hereby amended and supplemented by adding the text below in boldface to the last paragraph that begins on page 29 of the
Proxy Statement:
|
2. |
The disclosure under the heading “The Merger—Background of the Merger” is hereby amended and supplemented by adding the text below in boldface to the first paragraph that begins on page 30 of the
Proxy Statement:
|
3. |
The disclosure under the heading “The Merger—Background of the Merger” is hereby amended and supplemented by adding the text below in boldface to the third paragraph that begins on page 36 of the
Proxy Statement:
|
4. |
The disclosure under the heading “The Merger—Opinion of Financial Advisor to the Special Committee—Financial Analyses” is hereby amended and supplemented by replacing the first paragraph beginning on
page 46, and the first chart beginning on page 46, of the Proxy Statement in their entirety with the following:
|
•
|
Enterprise value as a multiple of Adjusted EBITDA for the last twelve months, or “LTM Adjusted EBITDA”;
|
•
|
Enterprise value as a multiple of estimated Adjusted EBITDA for calendar year 2023, or “CY 2023E Adjusted EBITDA”; and
|
•
|
Enterprise value as a multiple of estimated Adjusted EBITDA for calendar year 2024, or “CY 2024E Adjusted EBITDA.”
|
Enterprise Value /
|
||||||||||||
LTM
Adj. EBITDA
|
CY 2023E
Adj. EBITDA
|
CY 2024E
Adj. EBITDA
|
||||||||||
Chuy’s Holdings, Inc.
|
11.9
|
x
|
11.4
|
x
|
10.4
|
x
|
||||||
El Pollo Loco Holdings, Inc.
|
8.8
|
x
|
7.8
|
x
|
6.9
|
x
|
||||||
Noodles & Company
|
6.2
|
x
|
4.5
|
x
|
3.4
|
x
|
||||||
Potbelly Corporation
|
11.5
|
x
|
10.2
|
x
|
8.6
|
x
|
||||||
Red Robin Gourmet Burgers, Inc.
|
6.7
|
x
|
5.1
|
x
|
4.1
|
x
|
||||||
Low
|
6.2
|
x
|
4.5
|
x
|
3.4
|
x
|
||||||
High
|
11.9
|
x
|
11.4
|
x
|
10.4
|
x
|
||||||
Median
|
8.8
|
x
|
7.8
|
x
|
6.9
|
x
|
||||||
Mean
|
9.0
|
x
|
7.8
|
x
|
6.7
|
x
|
5. |
The disclosure under the heading “The Merger—Opinion of Financial Advisor to the Special Committee—Financial Analyses” is hereby amended and supplemented by replacing the last paragraph beginning on
page 46, and the second chart beginning on page 46, of the Proxy Statement in their entirety with the following:
|
Date Announced
|
Target
|
Acquiror
|
Transaction Value /
LTM Adjusted EBITDA
|
|||||
5/3/2023
|
Ruth’s Hospitality Group, Inc.
|
Darden Restaurants, Inc.
|
8.9
|
x
|
||||
8/9/2022
|
BBQ Holdings, Inc.
|
MTY Franchising USA, Inc.
|
10.7
|
x
|
||||
12/6/2021
|
Del Taco Restaurants, Inc.
|
Jack in the Box Inc.
|
10.1
|
x
|
||||
7/1/2021
|
Taco Cabana, Inc.
|
Yadav Enterprises, Inc.
|
10.0
|
x
|
||||
1/6/2020
|
The Habit Restaurants, Inc.
|
Yum! Brands, Inc.
|
10.1
|
x
|
||||
11/6/2019
|
Diversified Restaurant Holdings, Inc.
|
ICV Partners IV, L.P.; ICV Partners, LLC
|
9.5
|
x
|
||||
11/6/2018
|
Bojangles’, Inc.
|
The Jordan Company, L.P.; Durational Capital Management LP
|
10.9
|
x
|
||||
3/8/2018
|
Bravo Brio Restaurant Group, Inc. (nka: FoodFirst Global Restaurants, Inc.)
|
Spice Private Equity AG
|
5.6
|
x
|
||||
12/19/2017
|
Qdoba Restaurant Corporation
|
Apollo Global Management, LLC
|
5.3
|
x
|
||||
11/28/2017
|
Buffalo Wild Wings, Inc.
|
Arby’s Restaurant Group, Inc.
|
11.1
|
x
|
||||
11/20/2017
|
Bento Inc.
|
YO! Sushi Group Ltd.
|
9.9
|
x
|
||||
10/16/2017
|
Ruby Tuesday, Inc.
|
NRD Capital Management, LLC; NRD Partners II, L.P.
|
7.4
|
x
|
||||
3/27/2017
|
Cheddar’s, Inc
|
Darden Restaurants, Inc.
|
10.4
|
x
|
||||
3/23/2017
|
Checkers Drive-In Restaurants, Inc.
|
Oak Hill Capital Management, LLC
|
11.0
|
x
|
Transaction Value /
LTM Adjusted EBITDA
|
||||
Low
|
5.3
|
x
|
||
High
|
11.1
|
x
|
||
Median
|
10.1
|
x
|
||
Mean
|
9.3
|
x
|
6. |
The disclosure under the heading “The Merger—Opinion of Financial Advisor to the Special Committee—Financial Analyses” is hereby amended and supplemented by adding the text below in boldface to the
second paragraph that begins on page 47 of the Proxy Statement:
|
FIESTA RESTAURANT GROUP, INC.
|
||
(REGISTRANT)
|
||
By:
|
/s/ Louis DiPietro
|
|
Louis DiPietro
|
||
Senior Vice President, Chief Legal and People Officer,
General Counsel & Secretary
|
||
Dated: October 16, 2023
|
Document and Entity Information |
Oct. 16, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Oct. 16, 2023 |
Entity File Number | 001-35373 |
Entity Registrant Name | FIESTA RESTAURANT GROUP, INC. |
Entity Central Index Key | 0001534992 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 90-0712224 |
Entity Address, Address Line One | 14800 Landmark Boulevard, Suite 500 |
Entity Address, City or Town | Dallas |
Entity Address, State or Province | TX |
Entity Address, Postal Zip Code | 75254 |
City Area Code | 972 |
Local Phone Number | 702-9300 |
Title of 12(b) Security | Common stock, $0.01 par value |
Trading Symbol | FRGI |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
1 Year Fiesta Restaurant Chart |
1 Month Fiesta Restaurant Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions