GEN Restaurant Group Inks $100M Letter Of Intent With Chubby Group To Sell Operations At 47 U.S. Restaurants
GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq:GENK), a leader in at-home Korean BBQ, today announced that it has signed a binding letter of intent ("LOI") with Chubby Group
GEN Restaurant Group agreed to sell 47 restaurants to another company for $100 million. This means GEN is getting smaller, so watch whether the sale helps them stay healthy.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.