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To: Frederick Langford who wrote (28810)7/13/1998 12:17:00 PM
From: Frederick Langford  Read Replies (2) | Respond to of 34592
 
(DOW JONES) DJN: Harvest Restaurant, TRC Acquisition In Definite Merger
DJN: Harvest Restaurant, TRC Acquisition In Definite Merger Pact

SAN ANTONIO (Dow Jones)--Harvest Restaurant Group Inc. (ROTI) signed a
definitive share exchange agreement to merge with TRC Acquisition Corp., the
operator of Tanner's casual dining restaurants in Georgia and Alabama.
In a press release Monday, Harvest said it received a commitment from an
investor group for $6 million of equity funding, $4 million of which was
deposited in escrow. As reported, the companies signed a letter of intent to
merge in early June.
Clyde E. Culp was named chief executive and chairman of the merged company.
Culp previously was president and chief executive of Long John Silver's,
president and chief executive of Embassy Suites and chairman-founder of
Davco Foods Inc.
Harvest operates and franchises quick-service restaurants.
(END) DOW JONES NEWS 07-13-98
10:57 AM
*** end of story ***