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Investors GrizzlyRock, Vivaldi oppose Restaurant Group's purchase of Wagamama

Nov 14 (Reuters) - Two shareholders of Restaurant Group Plc on Wednesday called on the owner of Frankie & Benny’s to cancel its proposed 357-million-pound ($463 million) deal to buy the Wagamama noodle chain.

Shareholders GrizzlyRock Capital and Vivaldi Asset Management, which manage investment funds that jointly own 1.9 percent of Restaurant Group, said here&u=urn:newsml:reuters.com:20181114:nBwbPdYhPa the company had not considered risks related to executing the deal.

Restaurant Group, most of whose restaurants and gastropubs focus on American, TexMex and traditional British cuisine, had announced a deal last month to buy Wagamama, to expand its chain of pubs and airport and shopping mall eateries. ($1 = 0.7712 pounds) (Reporting by Muvija M in Bengaluru; Editing by Shinjini Ganguli)

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