Chanticleer to buy Hooters
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Chanticleer Holdings Inc., an investor in small companies, has agreed to buy Hooters of America Inc., Hooters Management Corp. and their related restaurants for about $55.1 million.
The transaction between Chanticleer and nine individual Hooters shareholders is expected to close on or before July 31, Charlotte, N.C.-based Chanticleer said.
There are 433 restaurants in 28 countries, according to Chanticleer. Hooters Inc., which sold its trademarks and other proprietary rights to Hooters of America Inc. in 2001, owns 22 restaurants, which Chanticleer will acquire.
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