Fiesta Restaurant Group FRGI, the owner, operator, and franchisor of the Pollo Tropical® and
Taco Cabana® fast-casual restaurant brands, today announced the pricing
of a secondary public offering of 2,900,000 shares of common stock at a
price of $24.25 per share. All shares were offered by funds managed by
Jefferies Capital Partners. The offering was upsized from the previously
announced offering size of 2,500,000. The selling stockholders also
granted the underwriters an option to purchase up to an additional
435,000 shares of common stock. Fiesta will not receive any proceeds
from the sale of any shares in the offering. The closing of the offering
is expected to occur on March 27, 2013, subject to satisfaction of
customary closing conditions.
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in