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The Restaurant Group plc : +37% after Apollo takeover bid -October 12, 2023 at 05:10 am EDT - Vimarsana News

The Restaurant Group plc : +37% after Apollo takeover bid -October 12, 2023 at 05:10 am EDT

The Restaurant Group is up 37% in London after accepting Apollo's £506 million takeover offer. Shareholders will receive GBX 65 in cash.

Private equity giant Apollo to buy Wagamana owner TRG - Vimarsana News

Private equity giant Apollo to buy Wagamana owner TRG

The Restaurant Group told investors it had rejected three previous takeover bids by the American private equity giant but has now reached a deal valuing its shares at around £506million.

Wagamama owner The Restaurant Group to be taken private by Apollo in £506m deal - Vimarsana News

Wagamama owner The Restaurant Group to be taken private by Apollo in £506m deal

Sale comes after The Restaurant Group was targeted by a string of activist investors

Wagamama owner taken over by private equity giant in £700m deal - Vimarsana News

Wagamama owner taken over by private equity giant in £700m deal

The Restaurant Group - which owns brands including Wagamama - is being taken over by a private equity giant in a £700m deal.

FTSE 100 moves higher after UK economy rebounds in August - Vimarsana News

FTSE 100 moves higher after UK economy rebounds in August

The index gained 24.75 points, or 0.32%, to close at 7,644.78.

Source: lbc.co.uk