TRG’s Wagamama buy gets shareholder nod

Shareholders have waved through The Restaurant Group’s (TRG) £559m debt and equity-funded purchase of UK Asian-themed restaurant Wagamama, despite a large portion of those voting opposing the deal.

  • By Mike Turner
  • 29 Nov 2018

In total, 60.4% of TRG shareholders voted for the transaction to go ahead, while 39.6% voted against. 

The numbers were almost identical for and against approving a rights issue to part finance the purchase.

Shareholders and analysts have called the purchase price expensive. The £559m enterprise value puts the deal ...

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