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Yum! Brands to Acquire The Habit Restaurants
Yum! Brands, Inc. and The Habit Restaurants, Inc. announced that they have entered into a definitive agreement pursuant to which Yum! Brands will acquire all of the issued and outstanding common shares of The Habit Burger Grill for $14 per share in cash or a total of approximately $375 million. The board of directors of The Habit Burger Grill, acting on the recommendation of a special committee composed of non-executive independent directors, has unanimously approved the transaction.
The acquisition of The Habit Burger Grill will add an award-winning fast-casual concept with a loyal fan-base to Yum! Brands, the world’s largest restaurant company in terms of units and parent of the KFC, Pizza Hut and Taco Bell global brands. Founded in California in 1969, The Habit Burger Grill offers...
Habit Burger Grill Named Best Regional Fast Food in USA Today’s 2019 10Best Readers' Choice Awards
Since 1969, The Habit Burger Grill (Nasdaq:HABT) has been winning the hearts and stomachs of burger lovers time and time again. Now as the company celebrates its 50th anniversary, The Habit Burger Grill is once again recognized for its flavorful chargrilled burgers, handcrafted sandwiches and fresh salads as the 2019 USA Today 10Best “Regional Fast Food” award winner.
“At The Habit, we strive to deliver high quality taste in each bite of every menu item every day, and our fans have shown their appreciation with this award,” said Russ Bendel, Chief Executive Officer at The Habit. “Being voted as the 2019 USA Today’s 10Best Readers’ Choice winner is a humbling honor for our company.”
The Habit has also received honors as the “Best Tasting Burger in America” from a leading consumer magazine. Earlier this year, Thrillist called out The Habit as the ...
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