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BREAKING NEWS

Del Frisco to be taken private by L Catterton in a $650 million deal

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(Reuters) – Del Frisco’s Restaurant Group Inc said on Monday it would be bought in a $650 million deal by private equity firm L Catterton.

Del Frisco’s, which owns Eagle Steak House and Frisco’s Grille chains, said its shareholders will receive $8 per share, which represents a premium of 18.9% to Friday’s close.

(Reporting by Nivedita Balu in Bengaluru; Editing by Shailesh Kuber)

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