(SwissChalet.com)

Fairfax proposes takeover of Recipe dining group

Chains include The Keg, Swiss Chalet, Harvey's

Reuters — Recipe Unlimited Corp. said on Tuesday shareholder and investment firm Fairfax Financial Holdings has proposed to take the Canadian restaurant operator private for $1.23 billion, sending its shares up nearly 50 per cent. The offer price marks a premium of more than 53 per cent to Recipe’s last close. The shares have fallen […] Read more

(KegSteakhouse.com)

The Keg to merge into Swiss Chalet, Harvey’s parent

Major Canadian steakhouse chain The Keg is set to merge into Cara Operations, the parent for dining chains such as Swiss Chalet, Harvey’s, St-Hubert and Milestones, in a $200 million cash-and-stock deal. The two companies said Tuesday a merger will afford them “synergistic opportunities in marketing, real estate and overall costs that will help further […] Read more