Restaurant Group’s £559m acquisition of noodle chain scrapes through amid backlash
Restaurant Group’s proposed takeover of Wagamama has been given the go-ahead. However, 40% of shareholders voted against the controversial deal, which values the noodle bar’s outlets at about £4m each.
The £559m deal – including Wagamama’s debt – was approved by 60% of shareholders who voted at a general meeting held by the group, which includes the Frankie & Benny’s and Garfunkel’s chains. Shares in Restaurant Group were down 13% at 205p after the deal was approved.
Related: £559m Wagamama takeover deal looks a bit rich for some tastes | Nils Pratley
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