Champps postpones $74.8M buyout

LITTLETON Colo. Citing the current credit market conditions, which have deteriorated rapidly since June, Champps Entertainment Inc. said Monday it agreed to delay the $74.8 million sale of its 61 sports-and-entertainment restaurants to allow the buyer more time to complete financing.

While the $5.60-per-share buyout by buyers F&H Acquisition Corp. and its equity sponsors holds no financing condition, the buyers requested more time to complete the deal.

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