Wall Street Journal Reported Authentic Restaurant Brands To Acquire Fiesta Restaurant Group For $8.50/Share
Portfolio Pulse from Charles Gross
Authentic Restaurant Brands is set to acquire Fiesta Restaurant Group for $8.50 per share, as reported by the Wall Street Journal. The deal involves the Pollo Tropical restaurant chain.
August 06, 2023 | 11:19 pm
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Fiesta Restaurant Group's stock may see a short-term increase due to the acquisition announcement by Authentic Restaurant Brands.
Acquisition announcements often lead to a short-term increase in the stock price of the company being acquired. In this case, Fiesta Restaurant Group (FRGI) is being acquired by Authentic Restaurant Brands for $8.50 per share, which could lead to a rise in FRGI's stock price.
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IMPORTANCE 80
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