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Williston Holding Company Inc buys controlling interest in Mexican Restaurants Inc

Tuesday, 18 Mar 2014 08:30am EDT 

Williston Holding Company Inc:Acquired about 80 pct of Mexican Restaurants Inc (MRI) in a series of private transactions with certain controlling shareholders of MRI at a price of $4.06 per share.The last of these transactions should close no later than March 19.In a separate transaction, WHC also announced that it has entered into a Merger Agreement with MRI pursuant to which the remaining approximate 20 pct of MRI stockholders would receive $4.06 per MRI share in cash.This merger is expected to close within 45 to 60 days.Following the merger, WHC will own 100 pct of MRI. 

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