Submitted by Scott Pickey on Thu, 01/20/2011 - 4:08pm.

By Jake Spring A Charlotte private equity firm appears set to win a battle to buy the Hooters restaurant chain, known for its provocatively dressed waitresses, according to court documents. Chanticleer Holdings LLC will succeed in its last-minute bid to buy Hooters of America Inc., beating out competitor Wellspring Capital Management LLC, a company that spent nearly a year going through a formal bidding process. In 2006, Hooters granted Chanticleer a "right of first refusal" for a sale in exchange for a $5million loan. The sales agreement, including the amount Chanticleer will pay for Hooters, has been sealed by the courts. Wilmington has one Hooters location on Market Street at New Centre Drive. CLICK HERE TO READ THE REST OF THIS STORY:

Full Story »
The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
Please re-enter the code shown in the image below.