Brief: RCI Announces Definitive Agreements To Purchase 11 Adult Nightclubs In Six States

RCI Hospitality Holdings

26/07/2021 14:21

July 26 (Reuters) - RCI Hospitality Holdings Inc  RICK.O :
    * RCI ANNOUNCES DEFINITIVE AGREEMENTS TO PURCHASE 11 ADULT
NIGHTCLUBS IN SIX STATES
    * RCI HOSPITALITY HOLDINGS INC - TO ACQUIRE FOR $88.0
MILLION 11
ADULT NIGHTCLUBS
    * RCI HOSPITALITY HOLDINGS INC - COLLECTIVE ACQUISITION IS
ANTICIPATED TO BE ACCRETIVE IN YEAR ONE
    * RCI HOSPITALITY HOLDINGS INC - DEAL FOR $26.0 MILLION IN
CASH;
$30.0 MILLION IN RESTRICTED COMMON STOCK, VALUED AT $60.00 PER
SHARE

Source text for Eikon:  ID:nPn3VSpfsa 
Further company coverage:  RICK.O 

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