Recipe Unlimited closes deal to go private with Fairfax Financial Holdings
BNN Bloomberg
Recipe Unlimited, the company behind Swiss Chalet, Harvey’s, the Keg and other well-known restaurant brands, is going private.
The company says it has closed a deal that has it being taken private by Fairfax Financial Holdings Ltd., which was already the controlling shareholder of Recipe Unlimited.
The deal for $20.73 per share in cash, first announced in August, puts the value of Recipe Unlimited at around $1.2 billion.
A press release Friday says shares in Recipe Unlimited are expected to be delisted from the Toronto Stock Exchange at the close of trading on or around Nov. 1.
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