Cara Operations Ltd (CARA.TO)
Latest Key Developments (Source: Significant Developments)
Nov 3 (Reuters) - Cara Operations Ltd
Oct 16 (Reuters) - Cara Operations Ltd
Competition Bureau: Will not oppose proposed acquisition of St-Hubert Restaurants by Cara Operations Ltd .During review of proposed transaction, Bureau determined that substantial lessening or prevention of competition would be unlikely. Full Article
Cara Operations Limited:Has entered into an agreement with a syndicate of agents led by Scotia Capital Inc and including BMO Nesbitt Burns Inc and RBC Dominion Securities Inc to sell 7,863,280 subscription receipts on a private placement basis.Subscription receipts will be sold at a price of $29.25 per Subscription Receipt, for gross proceeds to company of $230,000,940.Net proceeds from offering will be used to finance, in part, purchase price under company's previously announced agreement to acquire 100% of Groupe St-Hubert Inc. Full Article
* Cara reports Q3 2017 results - total system sales grow 36.9%, same restaurant sales +0.9% and operating EBITDA increases 30.1%.