Chanticleer Holdings Signs Definitive Agreement to Acquire Little Big Burger
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Chanticleer (HOTR) to Acquire Little Big Burger
August 3, 2015 8:32 AM EDTChanticleer Holdings, Inc. (NASDAQ: HOTR) (Chanticleer Holdings, or the "Company"), owner and operator of multiple restaurant brands internationally and domestically, announced today that it has signed a definitive agreement on July 31, 2015 to acquire Little Big Burger ("LBB"), a gourmet fast-casual restaurant concept with eight locations in Oregon which generated approximately $6 million in 2014 revenue. The acquisition is expected to close on or before August 14, 2015.
Founded in 2010 by restaurant entrepreneurs Micah Camden and Katie Poppe, Little Big Burger specializes in fresh, high quality cooked-to-order burgers and fries in a fast and friendly environment.... More
