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Hostmore Nixes £177M TGI Fridays Takeover

By Jade Martinez-Pogue ( September 9, 2024, 1:46 PM EDT) -- British restaurant group Hostmore on Monday nixed its £177 million ($231.4 million per Monday's currency conversion) deal to buy the American-themed casual dining business TGI Fridays after the company lost control of many of its assets and revenue streams, which "potentially impairs the future revenue of the business."...

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