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Andrew Charles, Cowen director, told Yahoo Finance’s On the Move, that Chipotle will continue to see healthy growth in digital sales.
Jack in the Box Inc. needs to partner up while there’s interest. More than 100 North American restaurant chains were sold in 2017, a frenzied pace which continued this year, most recently with Inspire Brands Inc.’s $2.3 billion takeover of Sonic Corp. Inspire Brands, which owns Arby’s, also acquired Buffalo Wild Wings less than a year ago. If it doesn’t lock down a deal, it plans to have a new capital structure in place before the end of March, which may include “a securitization or bond issuance.” Jack in the Box’s net debt amounts to 4 times next year’s projected Ebitda, which is quite high relative to most of its peers.
“Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back […]
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
OKLAHOMA CITY (AP) — Shareholders have approved the sale of drive-in burger chain Sonic to the parent company of Arby's in a $2.3 billion merger.
NEW YORK , Dec. 4, 2018 /PRNewswire/ -- S&P MidCap 400 constituent Nabors Industries Ltd. (NYSE: NBR) will replace Sonic Corp. (NASD: SONC) in the S&P SmallCap 600, and Universal Display Corp. (NASD: OLED) ...
NEW YORK, Nov. 29, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
NEW YORK, Nov. 19, 2018 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Western District of Oklahoma, case No. 18-cv-01063, on behalf of shareholders of Sonic Corp. ("Sonic" or the "Company") (SONC) who have been harmed by Sonic's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed acquisition of the Company by Inspire Brands, Inc. ("Inspire"). On September 28, 2018, the Board caused the Company to enter into an Agreement and Plan of Merger ("Proposed Transaction") under which Sonic's shareholders will receive $43.50 in cash for each share of Sonic common stock they hold (the "Merger Consideration").
NEW YORK, Nov. 12, 2018 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Blue Hills Bancorp, Inc.,.
Bojangles said it had agreed to be taken private, the latest merger news to hit a restaurant industry facing stiff competition.
NEW YORK , Nov. 8, 2018 /PRNewswire/ -- Moore Kuehn, PLLC is investigating potential claims for breach of fiduciary duty involving the directors and officers of Sonic Corp. (NASDAQ: SONC). On September ...
SONIC Corp. (SONC), the nation’s largest chain of drive-in restaurants, today announced that Chairman and Chief Executive Officer, Cliff Hudson, will retire and that President Claudia San Pedro will lead the company, effective as of the closing of SONIC’s proposed acquisition by Inspire Brands (“Inspire”), which is expected to occur in December, subject to shareholder approval. Following completion of the transaction, Ms. San Pedro will report to Inspire Chief Executive Officer Paul Brown and will serve as part of the Inspire executive team. Only SONIC’s founder, Troy Smith Sr., led the company for a longer period of time (1953-1983).
Fast-food chain Bojangles Inc is being taken private by investment firms Durational Capital Management LP and Jordan Co for $593.7 million, the latest deal in a sector that is struggling with high costs and increased competition. In September, Arby and Buffalo Wild Wings owner Sonic Corp was taken private for $1.57 billion, while sources told Reuters that Papa John's International Inc, the world's third-largest pizza delivery company, had put itself up for sale. Bojangles shareholders will receive $16.10 in cash for each share, representing a 15 percent premium to the company's stock price before Reuters reported in September that the company was exploring alternatives, including a sale.
NEW YORK, NY / ACCESSWIRE / November 2, 2018 / JuanMonteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the EmpireState Building in New York City, is investigating the Board of Directors of Sonic Corp. ("Sonic" or the "Company") (NASDAQ: SONC) for possible breaches of fiduciary duty related to the proposed acquisition of the company by Inspire Brands. The investigation focuses on whether Sonic and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company by and 3) failing to disclose all material financial information in connection with the upcoming shareholder meeting.
NEW YORK , Nov. 1, 2018 /PRNewswire/ -- Access National Corporation (ANCX) Lifshitz & Miller announces investigation into possible breaches of fiduciary duties in connection with the sale of ANCX to Union ...
NEW YORK, Oct. 31, 2018 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Nexeo Solutions, Inc., Blue.