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Stock Market & Financial Investment News

News Breaks
June 10, 2014
06:57 EDTBAGRDiversified Restaurant to acquire three Buffalo Wild Wings restaurants
Diversified Restaurant announced that Buffalo Wild Wings waived its first right of refusal clearing the way for the company to acquire substantially all of the assets of Screamin' Hot Florida and Screamin' Hot Trinity. The assets to be acquired primarily consist of three BWW restaurants located in Florida for approximately $3.2M. The restaurants are located in Clearwater, Port Richey and Oldsmar, Florida. DRH expects to complete the purchase in the third quarter, subject to customary closing conditions, bringing the total DRH-owned BWW Florida store count to 13. By year end, the company plans to open six additional Bagger Dave's restaurants and three additional Buffalo Wild Wing's restaurants.
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