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RSTGF / Wagamama owner awaiting new bid? Offer too low, says analysts

Wagamama owner awaiting new bid? Offer too low, says analysts
Wagamama owner The Restaurant Group PLC (LSE:RTN) could be poised to receive another bid after Rock BidCo, a vehicle owned by Apollo Funds, purchase offer of 65p per share was deemed “too low” by analysts.   “We do not believe it reflects the quality of the estate (especially having recently exited the challenged leisure business), the freehold asset backing (c £160 million) and the progress it was making across its strategic objectives on margin accretion (250-350bps) and deleveraging (under 1.5x Ebitda),” analysts at Shore Capital said. Read More
Posted: Oct 12 2023, 09:26
Author Name: Proactive Investors
Views: 091915

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Wagamama owner awaiting new bid? Offer too low, says analysts

By Proactive Investors
October 12, 2023

Wagamama owner awaiting new bid? Offer too low, says analysts

Wagamama owner The Restaurant Group PLC (LSE:RTN) could be poised to receive another bid after Rock BidCo, a vehicle owned by Apollo Funds, purchase o more_horizontal

Apollo to buy struggling owner of Wagamama chain for nearly $900 million

By Market Watch
October 12, 2023

Apollo to buy struggling owner of Wagamama chain for nearly $900 million

Private equity fund Apollo Global Management on Thursday said it had struck a deal to snap up struggling U.K. restaurant operator The Restaurant Group more_horizontal

Wagamama owner TRG soars after agreeing Apollo bid

By Proactive Investors
October 12, 2023

Wagamama owner TRG soars after agreeing Apollo bid

Shares in Wagamama owner, The Restaurant Group PLC, have soared 37% after agreeing a bid from Apollo Global Management valuing the business at £506 more_horizontal

Will Wagamama's owner listening to investors bring yet more change

By Proactive Investors
September 11, 2023

Will Wagamama's owner listening to investors bring yet more change

Shares in Wagamama's owner The Restaurant Group PLC (LSE:RTN) (TRG) are down close to 60% compared to two years ago, but it appears that this year was more_horizontal

Wagamama owner chair resigns after months of activist pressure

By Proactive Investors
September 8, 2023

Wagamama owner chair resigns after months of activist pressure

Wagamama owner Restaurant Group jumped 6% as it announced the departure of chairman Ken Hanna following months of pressure from activist funds wanting more_horizontal

Airport revival flips Wagamama-owner Restaurant Group into profit

By Proactive Investors
September 6, 2023

Airport revival flips Wagamama-owner Restaurant Group into profit

The Restaurant Group PLC (LSE:RTN), owner of Wagamama and Frankie & Benny's among other food chains, has shaken off its loss-making 2022 with a profit more_horizontal

Wagamama owner soars as sales boost quiets critics

By Proactive Investors
July 19, 2023

Wagamama owner soars as sales boost quiets critics

The Restaurant Group PLC (LSE:RTN), owners of hospitality brands like Wagamama, soared by around 8% on Wednesday morning after a trading update dispel more_horizontal

Wagamama owner faces fresh criticism from activist investor

By Proactive Investors
July 12, 2023

Wagamama owner faces fresh criticism from activist investor

The Restaurant Group PLC (LSE:RTN) (TRG), the owner of Wagamama and other hospitality brands, is coming under fire again from activist investors call more_horizontal


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