Del Frisco's To Buy Barteca Restaurant Group - Quick Facts

Celebrated Individual

(RTTNews) - Del Frisco's Restaurant Group, Inc. (DFRG) announced a definitive agreement to acquire Barteca Restaurant Group for $325 million in cash. Barteca consists of two concepts, Barcelona Wine Bar and bartaco, with 31 restaurants operating across 10 states and Washington D.C.

The transaction, which is expected to be completed by the end of Del Frisco's second quarter, subject to receipt of U.S. antitrust clearance and other customary closing conditions. The proposed transaction does not require approval by Del Frisco's shareholders.

For the first quarter ended April 3, 2018, Barcelona generated comparable restaurant sales of 1.7% while bartaco generated comparable restaurant sales of 2.6%.

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