Carrols Restaurant Group (TAST) has provided an announcement.
Amidst recent financial maneuvers, a significant development occurred as a company finalized a merger, resulting in the complete redemption of its outstanding $290 million in senior notes ahead of 2029. The merger led to the cancellation and conversion of various stock and award types into cash payouts, with common stockholders receiving $9.55 per share. Concurrently, the company has taken steps to delist from Nasdaq, signaling the end of its publicly traded status and transitioning into a privately-held entity under the new parent organization. This strategic move is set to reshape the company’s financial landscape and stakeholder composition.
For an in-depth examination of TAST stock, go to TipRanks’ Stock Analysis page.
