RALLY'S TO ACQUIRE 14 RESTAURANTS IN ARIZONA
RALLY'S TO ACQUIRE 14 RESTAURANTS IN ARIZONA LOUISVILLE, Ky., Sept. 15 /PRNewswire/ -- Rally's Inc.
(NASDAQ: RLLY), the nation's largest double drive-thru hamburger chain, announced today that it has entered into an agreement to acquire 14 Rally's restaurants from Quick Service Restaurants Inc. in Phoenix and Tucson, Ariz. for an undisclosed amount. Quick Service Restaurants recently emerged as a reorganized entity under Chapter 11 and the transaction is subject to Bankruptcy Court approval.
There are 415 Rally's restaurants operating in 25 states. -0- 9/15/92 /CONTACT: Don Moore, senior vice president and CFO of Rally's, 502-245-8900/ (RLLY) CO: Rally's Inc. ST: California IN: LEI SU: TNM
EH -- LA013 -- 9491 09/15/92 09:21 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Sep 15, 1992|
|Previous Article:||PEPSICO AND ELITE INAUGURATE NEW SNACK PLANT IN ISRAEL; COMPANY BECOMES LARGEST POTATO CHIP PRODUCER AND CATEGORY INNOVATOR|
|Next Article:||TELOR OPHTHALMIC PHARMACEUTICALS, INC. EXPANDS MANUFACTURING TEAM: ADDS DIRECTOR OF TECHNICAL OPERATIONS AND MANAGER OF PRODUCTION|