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Article: TGI Friday's announces signing of merger agreement with Carlson Hospitality Group.

Article from:
PR Newswire
Article date:
July 28, 1989
Copyright

TGI FRIDAY'S ANNOUNCES SIGNING OF MERGER AGREEMENT

WITH CARLSON HOSPITALITY GROUP

DALLAS, July 28 /PRNewswire/ -- TGI Friday's Inc. (NYSE: TGI) has announced the signing of a merger agreement with Carlson Hospitality Group, Inc., whereby Carlson Hospitality Group will acquire complete ownership of TGI Friday's through a merger of the company with a newly formed, wholly owned subsidiary of Carlson Hospitality Group.

Pursuant to the agreement, the shareholders of TGI Friday's, other than Carlson Hospitality Group, would receive $14-7/8 per share in cash in exchange for their shares of common stock. Carlson Hospitality Group ...

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