GEN Restaurant Group Says It Received Non-Binding LOI Valued At About $100M For U.S. Restaurant Operations Only From Unnamed Restaurant Operator ; Would Retain 100% Of CPG Business
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Why It Matters
A restaurant company received an offer to sell its U.S. restaurant business for about $100 million, but would keep its packaged food business. This shows someone thinks that part is valuable, but the deal isn't final yet.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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