Canada-based Cara Operations will acquire Keg Restaurants in a cash and stock deal valued at $161.4 million. Cara is Canada’s largest full-service operator, with 1,259 company-owned and franchised units under 16 banners including Harvey’s and Swiss Chalet and Keg operates 96 eateries in Canada and 10 locations in four U.S. states. Read the Nation’s Restaurant News story here
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