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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc

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To: Edward Mamula who wrote (390)7/29/1998 7:32:00 AM
From: Edward Mamula  Read Replies (1) of 1702
 
Wednesday July 29, 1:06 am Eastern Time

Harvest Restaurant bought by TRC

ATLANTA, July 28 (Reuters) - TRC Acquisition Corp., the corporate parent of Tanner's Restaurants, has agreed to acquire Harvest Restaurant Group Inc.

The merger is subject to Harvest shareholder approval and is expected to close in September, TRC said in a statement. No terms were provided.

As part of the transaction, an investor group will invest $6 million in new equity for the public Tanner's entity, primarily to fund new unit expansion of Rick Tanner's
Original Grill restaurants.

TRC Acquisition Corporation operates and franchises Rick Tanner's Original Grill restaurants.
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