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Article: Nathan's Famous, Inc. Reports Sale of NF Roasters Corp.
- Article from:
- Business Wire
- Article date:
- April 28, 2008
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Copyright informationCOPYRIGHT 2008 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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WESTBURY, N.Y. -- Nathan's Famous, Inc. (Nasdaq Symbol: NATH), announced today the sale of its subsidiary, NF Roasters Corp., to Roasters Asia Pacific (Cayman) Limited, its Master Developer of franchised Kenny Rogers Roasters restaurants in Malaysia and certain other foreign territories. The purchase price was approximately $4,000,000 in cash plus certain accruals.
In connection with the sale, NF Roasters Corp. entered into a license agreement with a subsidiary of Nathan's, pursuant to which NF Roasters Corp. licensed to the Nathan's subsidiary certain intellectual property necessary for Nathan's to continue to make available "Kenny Rogers" products at existing Nathan's ...
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Article: Nathan's Famous, Inc. Reports Year End Results.
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......1999, we became the new franchisor of the Kenny Rogers Roasters restaurant system by acquiring the intellectual property of Roasters Corp. and Roasters Franchise Corp. and on September 30, 1999, we completed our merger with Miami Subs Corporation. Mr. Norbitz...
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