Fiesta Restaurant Group (FRGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fiesta Restaurant Group Inc (NASDAQ: FRGI) has entered into a definitive stock purchase agreement to sell the Taco Cabana restaurant brand to YTC Enterprises LLC, an affiliate of Yadav Enterprises Inc. The agreement provides for the sale of all of the outstanding capital stock of Taco Cabana Inc, the parent company of the Taco Cabana business, for a cash purchase price of $85 million. The transaction is expected to close in the third quarter of 2021. Fiesta will use the sale proceeds to repay ab
DALLAS, July 01, 2021--Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ: FRGI) today announced that it has entered into a definitive stock purchase agreement for the sale of the Taco Cabana® restaurant brand to YTC Enterprises, LLC, an affiliate of Yadav Enterprises, Inc. ("Yadav"), a restaurant company that operates close to 400 locations throughout Northern California, Texas and sixteen other states.