Meritage Reports Definitive Agreements to Acquire 69 Wendy’s Restaurants Located Across Five States
Grand Rapids, MI (RestaurantNews.com) Meritage Hospitality Group Inc. (OTCQX:MHGU), one of the nation’s premier restaurant operators, today announced it has entered into three independent definitive asset purchase agreements to acquire a total of 69 Wendy’s restaurants located in the Midwest and Mid-Atlantic states. The transactions are subject to customary due diligence and standard approvals. The three transactions are scheduled to be completed during the first and second quarters of 2017.
Chief Executive Officer Robert Schermer, Jr., stated, “We are inspired by the opportunity to expand our Wendy’s footprint into these new market areas. The consummation of these three transactions