American background barbecue purchase ground fire by R $1.8 bi

The American investment firm Rhone Capital announced on Tuesday, 20, agreed to buy the network of steakhouses ground fire, in a deal valued at US $560 million (about $1.8 R billion). The Rhône is a New York Fund maintained by billionaires Robert Agostinelli and Steven Langman. According to Forbes magazine, the Fund administers today $ $8.5 billion (about R $27.6 billion). In the current deal, the offer is all cash and shareholders of the ground fire will receive $ $15,75 per share of the company, which represents a premium of 25.5% in relation to the closure of the paper last Friday on the Nasdaq Stock Exchange in New York. "After a process of assessment of the options available, the Board of Directors is confident that this transaction will give the ground fire significant opportunity to generate value for our shareholders and provide the best way forward for the ground fire", said the Chief Executive of network of steakhouses, Larry Johnson, in a statement. The acquisition should be completed in the second quarter after obtaining regulatory approvals. The first churrascaria ground fire was opened in Brazil in 1979, by entrepreneur Arri Coser, today owner of NB Steack. Currently, the network operates 38 restaurants in the United States and 9 in Brazil, has two joint ventures in Mexico and two others in the Middle East.