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Was a $380M Deal To Sell TGI Fridays Canceled Due to COVID?


Origin
When the world celebrated at midnight on Jan. 1, 2020, few foresaw the devastating year that was to come. Previously, in November 2019, a deal was announced that TGI Fridays would soon be sold. The company would also be taken public on the stock market. The total value was set to be $380 million.
TGI Fridays is poised to become a public listed company again after its parent company, TGIF Holdings, agreed a sale to blank check company Allegro Merger Corp in a deal worth $380m.
Blank check companies are typically listed organisations with no operations that raise money from investors via an IPO for acquisitions. ....

Eric Rosenfeld , Allegro Merger Corp , Business Online , Restaurant News , Restaurant Dive , Allegro Merger , எரிக் ரோஸெந்‌ஃபெல்ட் , அலெக்ரோ இணைப்பு கார்ப் , வணிக நிகழ்நிலை , உணவகம் செய்தி , உணவகம் டைவ் , அலெக்ரோ இணைப்பு ,