Worldwide Restaurant Concepts, Inc. Completes Its Merger With Affiliates of Pacific Equity Partners PTY Limited
23 9월 2005 - 7:15AM
PR Newswire (US)
SHERMAN OAKS, Calif., Sept. 22 /PRNewswire-FirstCall/ -- Worldwide
Restaurant Concepts, Inc. (NYSE:SZ) announced today that it has
completed its previously announced merger with affiliates of
Pacific Equity Partners, a leading Australasian private equity
firm. Worldwide Restaurant Concepts survives the merger as a
wholly-owned subsidiary of an affiliate of Pacific Equity Partners.
As a result of the merger, Worldwide Restaurant Concepts has ceased
to be a publicly traded company and will no longer be traded on the
New York Stock Exchange. As determined by the per share merger
consideration formula provided for in the merger agreement and the
Australian dollar to U.S. dollar exchange rate at approximately
11:00 am, Los Angeles time, on September 21, 2005, which was
0.7704, the stockholders of Worldwide Restaurant Concepts will
receive $6.92 for each share of common stock of Worldwide
Restaurant Concepts. About Worldwide Restaurant Concepts Worldwide
Restaurant Concepts, Inc. operates, franchises or joint ventures
310 Sizzler(R) restaurants worldwide, 112 KFC(R) restaurants
located primarily in Queensland, Australia, and 21 Pat &
Oscar's(R) restaurants. Worldwide Restaurant Concepts reported
revenues of $354.8 million for its fiscal year ended April 30,
2005, and a net loss of 21.3 million, or $0.77 per diluted share.
Additional information about the Company can be found at
http://www.wrconcepts.com/. About Pacific Equity Partners Pacific
Equity Partners is a leading Australasian private equity firm
focusing on buyouts and late stage expansion capital. The firm has
been actively investing since 1998 and currently has over A$700
million of equity funds under management. Pacific Equity Partners
works with management teams, providing experience and capital
resources to grow value in a range of business situations.
Additional information about Pacific Equity Partners can be found
at http://www.pep.com.au/. Forward-Looking Statements This press
release contains forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements relate to expectations about future
events or results and are based upon information available to the
Company as of today's date. They also involve certain risks and
uncertainties regarding the Company's business and operations and
the restaurant industry. These forward-looking statements are not
guarantees of the future performance of the Company and actual
events or results may vary materially from the events and results
discussed in this press release or in any other forward-looking
statements made by or on behalf of the Company. The Company
cautions that these forward-looking statements are qualified
further by other important factors, and the risks and cautionary
statements set forth in the Company's Annual Report on Form 10-K
for the fiscal year ended April 30, 2005 and its other filings with
the Securities and Exchange Commission. The Company disclaims any
obligation to update or revise any of the forward-looking
statements contained herein to reflect future events or
developments. AT THE COMPANY: Keith Wall Liz Baskerville Vice
President and CFO Director, Planning (818) 662-9800 (818) 662-9800
AT FINANCIAL RELATIONS BOARD: Laurie Berman Tricia Ross General
Information Investor/Analyst Contact (310) 854-8315 (617) 520-7064
DATASOURCE: Worldwide Restaurant Concepts, Inc. CONTACT: Keith
Wall, Vice President and CFO, or Liz Baskerville, Director,
Planning, both of Worldwide Restaurant Concepts, Inc.,
+1-818-662-9800; or General Information, Laurie Berman,
+1-310-854-8315, or Investors/Analysts, Tricia Ross,
+1-617-520-7064, both of Financial Relations Board, for Worldwide
Restaurant Concepts, Inc. Web site: http://www.pep.com.au/ Web
site: http://www.wrconcepts.com/
Copyright
Worldwide Restaurant Concepts (NYSE:SZ)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Worldwide Restaurant Concepts (NYSE:SZ)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024
Worldwide Restaurant Concepts (뉴욕 증권거래소)의 실시간 뉴스: 최근 기사 0
More Worldwide Rest Cons News Articles