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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Thu., Mar. 28, 10:00 AM

Slide #7. The ONE Group Hospitality, Inc. Safflower Holdings Corp.

Acquirer: The ONE Group Hospitality, Inc. (NASDAQ:STKS)
Acquiree: Safflower Holdings Corp.
Details: The ONE Group Hospitality, Inc. ("The ONE Group" or the "Company") (NASDAQ:STKS), today announced it will acquire Safflower Holdings Corp., the owner of Benihana Inc. ("Benihana"), a leading operator of highly differentiated experiential brands that owns the only national teppanyaki brand in the U.S. and owns RA Sushi.

One Group Hospitality is a hospitality company that develops, owns and operates, manages and licenses restaurants and lounges and provides food and beverage (F&B) services and consulting service for hospitality venues including hotels, casinos and other high-end locations. Co.'s restaurant brands are STK, a multi-unit steakhouse concept, and Kona Grill, a casual bar-centric grill concept. Co.'s F&B hospitality management services are marketed as ONE Hospitality and include developing, managing and operating restaurants, bars, rooftop lounges, pools, banqueting and catering facilities, private dining rooms, room service and mini bars tailored to the needs of high-end hotels and casinos.

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Company Name:  ONE Group Hospitality Inc (The)
Website:  www.togrp.com
Sector:  Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding STKS:  14
Total Market Value Held by ETFs:  $10.51M
Total Market Capitalization:  $124.00M
% of Market Cap. Held by ETFs:  8.48%
 

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March 28, 2024    10:00 AM Eastern
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