Key Developments: Ark Restaurants Corp (ARKR.W)
21.52USD
20 May 2013
$0.25 (+1.18%)
$21.27
$21.93
$21.93
$21.52
300
14
$21.93
$14.25
Latest Key Developments (Source: Significant Developments)
Ark Restaurants Corp Declares Quarterly Dividend
Ark Restaurants Corp announced that the Board of Directors declared its regular quarterly dividend of $0.25 per share on the Company's common stock to be paid on April 4, 2013 to shareholders of record at the close of business on March 20, 2013. Full Article
Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Ark Restaurants Corp
Levi & Korsinsky announced that it is investigating the Board of Directors of Ark Restaurants Corp for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to Landry's, Inc. Under the terms of the proposed transaction, Ark shareholders would receive $22 in cash for each share of Ark stock they own. The transaction has a total approximate value of $71 million. The investigation concerns, among other things, whether the proposed consideration to be paid to Ark shareholders is unfair, inadequate, and substantially below the fair or inherent value of Ark. Full Article
Landry's Inc Announces Offer To Acquire Ark Restaurants Corp
Landry's Inc announced that it is prepared to enter into negotiations to acquire all of the outstanding capital stock of Ark Restaurants Corp. (Ark or the Company) for $22.00 per share in cash, which represents a 22.0% premium to the closing price of the Company's common stock on February 6, 2013, a 28.5% premium to the average closing price over the past 30 days and a 31.5% premium to the average closing price over the past 90 days. Given this significant premium and the thin trading market for the Company's stock, which had an average daily trading volume of 3,921 and 4,125 shares over the past 30 days and 90 days, respectively, the Company believe this proposal would provide Ark's stockholders immediate liquidity and an immediate opportunity to maximize their investment in the Company. Landry's already has the cash available to it through its parent company, Fertitta Entertainment, Inc. Full Article
Ark Restaurants Corp Declares Quarterly Dividend
Ark Restaurants Corp announced that the Board of Directors declared its regular quarterly dividend of $0.25 per share on the Company's common stock to be paid on December 28, 2012 to shareholders of record at the close of business on December 14, 2012. Full Article
Ark Restaurants Corp Declares Dividend
Ark Restaurants Corp announced that the Board of Directors declared its regular quarterly dividend of 25 cents per share on the Company's common stock to be paid on October 2, 2012 to shareholders of record at the close of business on September 20, 2012. Full Article
Ark Restaurants Corp. Declares Dividend
Ark Restaurants Corp. announced that the Board of Directors declared its regular quarterly dividend of $0.25 per share on the Company's common stock to be paid on July 2, 2012 to shareholders of record at the close of business on June 15, 2012. Full Article
Ark Restaurants Corp. Announces Declaration of Dividend
Ark Restaurants Corp. announced that the Board of Directors declared its regular quarterly dividend of $0.25 per share on the Company's common stock to be paid on April 4, 2012, to shareholders of record at the close of business on March 21, 2012. Full Article
Ark Restaurants Corp. Repurchases 250,000 Shares Of Common Stock From Stockholder
Ark Restaurants Corp. announced that it has closed on its transaction with the Estate of Irving Hershkowitz to purchase 250,000 shares of the Company’s common stock from the seller at a price of $12.50 per share, or a total of $3,125,000, on December 9, 2011. Upon the closing of the purchase, the Company paid the seller $1.0 million in cash and issued an unsecured promissory note to the seller for $2,125,000. The note bears interest at 0.19% per annum, and is payable in 24 equal monthly installments of $88,541 each, commencing on December 1, 2012. Full Article
Ark Restaurants Corp. Announces Declaration of Dividend
Ark Restaurants Corp. announced that the Board of Directors declared its regular quarterly dividend of $0.25 per share on the Company's common stock to be paid on January 3, 2012 to shareholders of record at the close of business on December 21, 2011. Full Article
Ark Restaurants Corp. Announces Repurchase Of 250,000 Shares Of Common Stock
Ark Restaurants Corp. announced that it has entered into an agreement with the Estate of Irving Hershkowitz to purchase 250,000 shares of the Company`s common stock from the seller at a price of $12.50 per share, or a total of $3,125,000. Upon the closing of the acquisition, the Company will pay the seller $1.0 million in cash and will issue an unsecured promissory note to the seller for $2,125,000. The note will bear interest at 0.19% per annum, and will be payable in 24 equal monthly installments of $88,541 each, commencing on December 1, 2012. Any dividend paid or payable to the seller in respect of the purchased shares on or prior to the closing will be credited to the payment of the $1.0 million due at closing. Full Article
UPDATE 1-Ark Therapeutics sells two units; shares plunge
* Shares fall as much as 61 pct (Adds background; updates share movement)
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
