Chart House signs letter of intent to sell Paradise Bakery to Java Centrale.SOLANA Solana is the Spanish word for the sunny side of a mount or valley. It can refer to:
See: New York Stock Exchange :CHT CHT Chart CHT Center for Health Transformation (Washington, DC) CHT Chittagong Hill Tracts (Bangladesh region) CHT Certified Hypnotherapist CHT Cylinder Head Temperature CHT Certified Hand Therapist ) announced Monday Monday: see week. that it has signed a letter of intent for the sale of Paradise Bakery to Java Centrale Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :JAVC). The company has signed a letter of intent to sell Paradise Bakery Inc. to a subsidiary of Java Centrale in a merger transaction for a total purchase price of approximately $6.7 million, consisting of $5.4 million in cash with the balance payable in the form of a $1.3 million note from the buyer. The transaction is subject to negotiation and execution of a definitive merger agreement, third-party consents and approvals and several other conditions. The transaction with Java Centrale is also subject to the existing agreement between Chart House and Foodquest Inc., which gives Foodquest the right to buy Paradise Bakery on Dec. 29. 1995, but only if Foodquest notifies Chart House of its ability to close before Java Centrale and Chart House execute a binding definitive agreement. There is no assurance that Chart House and Java Centrale will reach a definitive agreement. Chart House Enterprises operates 88 restaurants, including 65 Chart Houses, 15 Islands, seven Paradise Bakeries and one Peohe's. The company's franchisees operate an additional 44 Paradise Bakeries. In addition, the company has exclusive rights to develop and operate Islands restaurants under a license granted by the owner of the Islands concept and manages 15 Islands restaurants owned by the licensor. CONTACT: Chart House Enterprises Inc., Solana Beach Harold Harold, 1022?–1066, king of England (1066). The son of Godwin, earl of Wessex, he belonged to the most powerful noble family of England in the reign of Edward the Confessor. Through Godwin's influence Harold was made earl of East Anglia. E. Gaubert Jr., 619/755-8281 |
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