Smith & Wollensky (SWRG) Announces Increased Takeover Offer from $9.25 to $11/Share
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The Smith & Wollensky Restaurant Group, Inc. (Nasdaq: SWRG) amended the merger agreement previously entered into with Patina Restaurant Group, LLC to reflect, among other things, an increase in the cash merger price from $9.25 per share to $11.00 per share.
In addition, Patina has assigned its rights and obligations under the merger agreement to a consortium consisting of Nick Valenti and Joachim Splichal, and the private equity firm of Bunker Hill Capital, L.P. and its affiliate Bunker Hill Capital (QP), L.P.
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