Loungers to Be Acquired by U.S. Firm Fortress Group for £338M
28 seconds ago
- Loungers to be acquired by Fortress for £338M.
- Deal covers 280 Loungers sites including Lounge and Cosy Club.
- Loungers started with £10,000 in Bristol in 2002.
- Fortress believes in Loungers' strong market position.
- Offer includes 30% premium over current share price.
- Chairman Reilley supports Fortress for growth.
- Fortress recently invested in UK's Curzon cinemas.