Skip navigation

Shareholders approve Friendly buyout

WILBRAHAM Mass. Shareholders in Friendly Ice Cream Corp., the operator or franchisor of 515 Friendly’s family-dining restaurants, approved on Wednesday a buyout of the company by Sun Capital Partners Inc. affiliate Freeze Operations Inc. in a deal valued at $337.2 million, including debt.

The transaction, which was first proposed in June and calls for Friendly shareholders to receive $15.50 per share in cash, is expected to close Thursday. Based on the

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.