Billionaire Fertitta expands SPAC deal to add restaurants, hospitality group By Reuters – Investing.com

fertitta hospitality billionaire group
Middle East
  • Date: 01-Jul-2021
  • Source: Investing.com
  • Sector: Economy
  • Country: Middle East
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Billionaire Fertitta expands SPAC deal to add restaurants, hospitality group By Reuters – Investing.com

(Reuters) - Fertitta Entertainment Inc, owned by billionaire Tilman Fertitta, said on Wednesday it has expanded its agreement to go public with blank-check company FAST Acquisition Corp to include a few hospitality and restaurant entities.

Steakhouse chain Vic and Anthony's, restaurant chains Catch and Mastro's, hospitality group Pleasure Pier, and a handful of smaller restaurant concepts will be added to the merger deal, the company said.

"According to the amendment, the company has agreed to contribute certain operating businesses not originally included as part of the business combination with FAST for no additional debt," the company said in a statement.

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