Fiesta Restaurant Group Reports Expiration of "Go-Shop" Period; Acquisition By Authentic Restaurant Brands Expected To Close In Q4 Of 2023
Portfolio Pulse from Benzinga Newsdesk
Fiesta Restaurant Group has announced the expiration of its 'Go-Shop' period. The company is expected to be acquired by Authentic Restaurant Brands in Q4 of 2023.
September 06, 2023 | 8:40 pm
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Fiesta Restaurant Group's acquisition by Authentic Restaurant Brands is expected to close in Q4 of 2023, following the end of the 'Go-Shop' period.
The end of the 'Go-Shop' period means that Fiesta Restaurant Group has not found a better offer than that of Authentic Restaurant Brands. This makes the acquisition more likely to proceed, but the impact on the stock price is uncertain until the deal is finalized.
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