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Chanticleer Holdings Inc completes acquisition of Just Fresh

Thursday, 12 Dec 2013 01:38pm EST 

Chanticleer Holdings Inc:Completes its acquisition of a majority stake in Just Fresh Restaurant chain.Says on Dec. 10, Chanticleer executed its Assignment, Assumption, Joinder and Amendment Agreements with JF Restaurants, LLC and JF Franchising Systems, LLC, owners of the Charlotte-based Just Fresh Restaurant chain.Says transaction finalized the acquisition of a 51% preferred membership interest in both entities.Says in addition to completing the acquisition, the company executed an Assignment Agreement with a current owner, increasing its preferred membership interest in JF Restaurants, LLC and JF Franchising Systems, LLC by 5% to 56%. 

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-0.07 -4.46%
19 Dec 2014