StockMarketWire.com - Restaurant Group launched a £315m share issue to help fund its acquisition of Wagamama.

Shareholders would be entitled for 13 new shares for every nine shares held at a price of 108.5p each.

Restaurant Group last month announced it had agreed to buy Wagamama holding company Mabel Topco for £357m, representing an enterprise value of £559m.

'This a transformative deal which accelerates our growth strategy and adds a differentiated, high growth brand to our portfolio,' chief executive Andy McCue said.

'The transaction benefits both businesses, creating an enlarged group that has scale benefits and will create significant value for our shareholders, underpinned by £22m of quantified cost and revenue synergies.'



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