Article: Ground Round Restaurants Merger Earns Shareholder Approval

BRAINTREE, Mass., Dec. 8 /PRNewswire/ -- Ground Round Restaurants, Inc. (the "Company") announced today that the Agreement and Plan of Merger (the "Merger") dated Aug. 29, 1997, of GRR Merger Corp. with and into the Company was adopted and approved by Ground Round shareholders on Dec. 2, 1997. GRR Merger Corp. is a wholly owned subsidiary of GRR Holdings, LLC ("Holdings"), a limited liability company formed by private investment partnership Boston Ventures. Approval of the Merger was the final step in the acquisition by Holdings of the entire equity interest in Ground Round.

The bearers of 84.8 percent of common Ground Round stock voted for the Merger with ...






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