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Article: Shoney's Inc. and TPI Enterprises announce letter of intent for merger.
- Article from:
- Business Wire
- Article date:
- September 5, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NASHVILLE, Tenn.--(BUSINESS WIRE)--Sept. 5, 1995--Shoney's Inc. and TPI Enterprises Inc. today announced they have signed a letter of intent to merge TPI with a subsidiary of Shoney's.
TPI is the largest franchisee of Shoney's, operating 188 Shoney's Restaurants and 69 Captain D's Seafood restaurants.
C. Stephen Lynn, chairman and chief executive officer of Shoney's Inc., commented, "The proposed merger with TPI reaffirms management's strong belief in the Shoney's Restaurant concept as a vehicle for creating attractive shareholder returns. We are also very pleased with the addition of TPI's Captain D's restaurants, which have had operating performance very ...
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Article: TPI BUYS FLORIDA SHONEY'S FRANCHISEE
PR Newswire;
July 12, 1993 ;
680 words
... ... principal subsidiary, TPI Restaurants, Inc ... largest franchisee of Shoney's and Captain D's ... new sites in Florida, TPI will operate 270 restaurants, including 196 Shoney's and 70 Captain D's. The ten-state region TPI serves includes North ...
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