TGI Fridays, the beloved chain known for its chicken tenders and loaded potato skins, announced plans to merge with Hostmore, the largest franchisee of Fridays restaurants based in the U.K. If the deal goes through, Hostmore will acquire the chain for $220 million (£177 million). The proposed acquisition would give Hostmore’s shareholders 36% of the company. TGI Fridays shareholders would hold 64%. The new company, TGI Fridays Plc, would trade on the London Stock Exchange under the ticker... Read this story
