One of the most notable transactions of the quarter closed in December when Nrd Capital Management, LLC, a private equity firm specializing in investments in middle market, later stage, mature, turnaround and emerging growth companies, acquired Ruby Tuesday, Inc. for US$146.9 million in cash. Under the terms of the agreement, NRD Capital Management would pay US$2.4 in cash for each share of Ruby Tuesday, which represents a 21% premium to Ruby Tuesday’s closing stock price last October 13, 2017.
Related Articles
The hospitality sector is in a stage of flux to some degree as peer-to-peer platforms like Airbnb continue to gain market share.
Industry Indicators
- The value of US nonresidential construction spending, an indicator of lodging demand, dropped 0.5% year-to-date in November 2017 compared to the same period in 2016.
- US personal income, which drives travel activity, rose 3.8% in Nov. 2017 compared to the same month in 2016.
- Total US revenue for accommodation rose 3.0% in the third quarter of 2017 compared to the previous year.
- US tourism spending on traveler accommodations, an indicator for lodging revenues, increased 3.9% in the third quarter of 2017 compared to the same period in 2016.
Posted by Robert Decker.
Read the Entire Hospitality & Leisure 1st Quarter Newsletter Here
The post M&A Quarterly News In The Hospitality & Leisure Industry Sector appeared first on CFA. The author is robertd.
This post first appeared on CFA | Mergers, Acquisitions And Capital Resources, please read the originial post: here
