Advantica Completes Sale Of Quincy's Subsidiary.SPARTANBURG Spartanburg, city (1990 pop. 43,467), seat of Spartanburg co., NW S.C., in the Piedmont (see under piedmont) near the N.C. line; inc. 1831. The city is noted for its textile production. , S.C.--(BUSINESS WIRE)--June 11, 1998--Advantica Restaurant Group, Inc. (Nasdaq:DINE) announced today it has successfully completed the sale of its Quincy's Family Steakhouse steak house or steak·house n. A restaurant that specializes in beefsteak dishes. steakhouse Noun a restaurant that specializes in steaks Noun 1. subsidiary to Buckley Buck·ley , William Frank, Jr. Born 1925. American writer and editor known especially for his caustic, polysyllabic wit. Acquisition Corp. for $84.7 million. The sales price was comprised of $80.5 million in cash, the assumption of $4.2 million in capital leases and the assumption of certain other liabilities other liabilities Small and relatively insignificant liabilities. For financial reporting purposes, firms often combine small liabilities into this single category rather than listing each liability separately. . Advantica is one of the nation's largest restaurant companies with over 2,500 moderately-priced restaurants in the family dining and specialty chicken segments. Advantica owns and operates the Denny's, Coco's, Carrows and El Pollo Loco El Pollo Loco is a fast-food restaurant chain and Mexican grilled chicken franchise. "El Pollo Loco" is Spanish for "The Crazy Chicken". Juan Francisco Ochoa started the restaurant in Guasave, Mexico, in 1975. restaurant brands. Advantica news releases, links to SEC filings and other financial information are available through Business Wire's Corporate News on the Net web site at: http://www.businesswire.com/cnn/dine.htm. CONTACT: Advantica Restaurant Group, Inc. Karen Randall, Media Contact, 864/597-8440 or Larry Gosnell, Investor Contact, 864/597-8658 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion