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brijeshnair
2021-10-12

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BurgerFi To Acquire Anthony's Coal Fired Pizza & Wings For $161.3M

BurgerFi International Inc (NASDAQ: BFI) has agreed to acquire Anthony's Coal Fired Pizza & Wings fr

BurgerFi To Acquire Anthony's Coal Fired Pizza & Wings For $161.3M

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Andrew Taub, a Managing Partner at&nbsp;<i>L&nbsp;</i>Catterton, will be joining BurgerFi's board following the completion of the transaction expected to occur in the fourth quarter of 2021.</li>\n <li>BurgerFi expects the transaction to be accretive to EPS to common shareholders and EBITDA in 2022.</li>\n <li>Ophir Sternberg will lead both the BurgerFi and Anthony's brands in his continuing role of Executive Chairman of BurgerFi, and Mike Rabinovitch will continue as BurgerFi CFO.</li>\n <li>At the closing of the transaction, Ian Baines will become the CEO of BurgerFi, while Julio Ramirez will remain CEO and President of the BurgerFi brand, and Patrick Renna will become President of Anthony's brand.</li>\n <li>BurgerFi&nbsp;held .75 million in cash and equivalents&nbsp;as of June 30, 2021.</li>\n <li><b>Price Action:</b>&nbsp;BFI shares closed higher by 5.77% at $8.43 on Monday.</li>\n</ul>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Andrew Taub, a Managing Partner at L Catterton, will be joining BurgerFi's board following the completion of the transaction expected to occur in the fourth quarter of 2021.\nBurgerFi expects the transaction to be accretive to EPS to common shareholders and EBITDA in 2022.\nOphir Sternberg will lead both the BurgerFi and Anthony's brands in his continuing role of Executive Chairman of BurgerFi, and Mike Rabinovitch will continue as BurgerFi CFO.\nAt the closing of the transaction, Ian Baines will become the CEO of BurgerFi, while Julio Ramirez will remain CEO and President of the BurgerFi brand, and Patrick Renna will become President of Anthony's brand.\nBurgerFi held .75 million in cash and equivalents as of June 30, 2021.\nPrice Action: BFI shares closed higher by 5.77% at $8.43 on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":818,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}