The Online Investor
Daily M&A
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
Sporting Goods & Activities M&A image Sporting Goods & Activities M&A » By The Online Investor Staff, updated Fri., Mar. 29, 9:06 AM Recent mergers and acquisitions in the Sporting Goods & Activities M&A category.

Slide #26. Rick's Cabaret International 11 Gentlemen's Clubs

Acquirer: Rick's Cabaret International (NASDAQ:RICK)
Acquiree: 11 Gentlemen's Clubs
Details: Rick's Cabaret International, Inc. said its new subsidiary Jaguars Acquisitions, Inc. (JAI) and certain other subsidiaries will acquire nine operating locations and two other licensed locations under development in a single transaction. Ten of the clubs are in Texas and the eleventh is in Phoenix, AZ. The subsidiaries will pay a total of $26 million for the clubs and $10 million for associated real estate, with $4.35 million to be paid in cash upon closing of the transaction and the remainder through seller notes at 9.5 percent interest payable over 12 years. The seller notes may be prepaid after five years.

RCI Hospitality Holdings is a holding company. Through its subsidiaries, Co. is engaged in a number of activities in the hospitality and other businesses. Co.'s subsidiaries operate various establishments that provide live adult entertainment and/or restaurant and bar operations, including one location that was temporarily closed. Co. also operates a business communications company serving the adult nightclubs industry. Co. operates several businesses into two reportable segments: Nightclubs, which Co.'s subsidiaries owns and/or operates adult nightclubs serving primarily businessmen and personnel; and Bombshells, which Co.'s subsidiaries owns and operates restaurants and sports bars.

RICK SEC Filing Email Alerts Service


Open the RICK Page at The Online Investor »

Company Name:  RCI Hospitality Holdings Inc
Stock buyback:  RICK buyback
Website:  www.rcihospitality.com
Sector:  Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding RICK:  24
Total Market Value Held by ETFs:  $46.91M
Total Market Capitalization:  $515.00M
% of Market Cap. Held by ETFs:  9.11%
 

Open the RICK Page at The Online Investor (in a new window) »

March 29, 2024    9:06 AM Eastern
Quotes delayed 20 minutes

Email EnvelopeFree RICK Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Strong Buy (4.00 out of 4)
81st percentile
(ranked higher than approx. 81% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Sporting Goods & Activities M&A - Slide 26 of 26 | www.TheOnlineInvestor.com | Copyright © 1998 - 2024, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.