The Habit Restaurants, Inc.’s Stockholders Adopt Merger Agreement with Yum! Brands, Inc.
18 Março 2020 - 1:39PM
The Habit Restaurants, Inc. (NASDAQ: HABT) (“The Habit Burger
Grill”) announced today that its stockholders voted to adopt the
Agreement and Plan of Merger, dated as of January 5, 2020 (the
“Merger Agreement”), among Yum! Brands, Inc. (“Yum”) and YEB Newco
Inc., Yum’s wholly-owned subsidiary, at a special meeting of The
Habit Burger Grill’s stockholders held earlier today. The
Habit Burger Grill’s stockholders also approved the proposal to
approve, on an advisory (non-binding) basis, specified compensation
that may be paid or become payable to The Habit Burger Grill’s
named executive officers that is based on or otherwise related to
the Merger Agreement and the transactions contemplated by the
Merger Agreement.
The final voting results will be disclosed in a Current Report
on Form 8-K, in accordance with the rules of the U.S. Securities
and Exchange Commission.
The Habit Burger Grill anticipates that the transaction will
close on March 18, 2020.
About The Habit Burger Grill
The Habit Burger Grill is a burger-centric, fast-casual
restaurant concept that specializes in preparing fresh,
made-to-order chargrilled burgers and sandwiches featuring USDA
choice tri-tip steak, grilled chicken and sushi-grade tuna cooked
over an open flame. In addition, it features fresh made-to-order
salads and an appealing selection of sides, shakes and malts. The
Habit Burger Grill was recently named Best Regional Fast Food in
USA Today’s 2019 Best Readers’ Choice Awards. The first Habit
Burger Grill opened in Santa Barbara, California, in 1969. The
Habit has since grown to over 270 restaurants, including locations
in 13 states throughout California, Arizona, Utah, New Jersey,
Florida, Idaho, Virginia, Nevada, Washington, Maryland,
Pennsylvania, North Carolina and South Carolina, as well as seven
international locations. More information is available at
www.habitburger.com.
Cautionary Statement Regarding Forward-Looking
Statements Certain statements in this communication
contain “forward-looking statements.” Forward-looking statements
can be identified by the fact that they do not relate strictly to
historical or current facts. Forward-looking statements are based
on current expectations, estimates, assumptions or projections
concerning future results or events, including, without limitation,
the projected closing date for the transaction, the anticipated
benefits of the transaction, and the future earnings and
performance of Yum! Brands, Inc. or any of its businesses.
Forward-looking statements are neither predictions nor guarantees
of future events, circumstances or performance and are inherently
subject to known and unknown risks, uncertainties and assumptions
that could cause actual results to differ materially from those
indicated by those statements. We cannot assure you that any of the
expectations, estimates or projections expressed herein will be
achieved. Numerous factors related to the transaction could cause
actual results and events to differ materially from those expressed
or implied by forward-looking statements, including, without
limitation: the risk that the proposed transaction may not be
completed in a timely manner or at all, the failure to satisfy any
of the conditions to the consummation of the proposed transaction;
the timing to consummate the proposed transaction; the occurrence
of any event, change or other circumstance that could give rise to
the termination of the merger agreement between the parties; the
effect of the pendency of the proposed transaction on Yum! Brands,
Inc.’s and The Habit Burger Grill’s business relationships,
operating results and business generally; the risk that the
proposed transaction may disrupt current plans and operations and
the potential difficulties in employee retention as a result of the
proposed transaction; the ability to achieve the synergies and
value creation contemplated; Yum! Brand, Inc.’s ability to promptly
and effectively integrate The Habit Burger Grill’s businesses; the
risk that revenues following the transaction may be lower than
expected; the risk that operating costs and business disruption
(including, without limitation, difficulties in maintaining
relationships with employees and suppliers) may be greater than
expected; the assumption of unexpected risks and liabilities; the
outcome of any legal proceedings that may be instituted related to
the proposed transaction; the diversion of and attention of
management of both Yum! Brands, Inc. and The Habit Burger
Grill on transaction-related issues; the success of Yum!
Brands, Inc.’s refranchising strategy; and the other factors
discussed in “Risk Factors” in Yum! Brands Inc.’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2019, The
Habit Burger Grill’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2019 and subsequent filings with the SEC
made by both Yum Brands, Inc. and The Habit Burger Grill, which are
available at http://www.sec.gov. Yum! Brands, Inc. and The Habit
Burger Grill assume no obligation to update the information in the
communication, except as otherwise required by law. Accordingly,
you should not place undue reliance on these forward-looking
statements.
Contacts
Dara Dierks(949) 943-8692HabitIR@habitburger.com
Media:(949) 943-8691Media@habitburger.com
Habit Restaurants (NASDAQ:HABT)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Habit Restaurants (NASDAQ:HABT)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024