Clint Proctor is a lead editor with the credit cards and travel rewards team at Forbes Advisor. He has five years of experience in personal finance journalism and has contributed to a variety of ...

A Loungers shareholder has voiced its intention to still vote against Fortress Investment Group’s acquisition of the all-day café and restaurant group, despite the US-based investment firm increasing ...

The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...

A Loungers shareholder has dismissed a sweetened private equity takeover offer as ‘not good enough’. The board of the bar and restaurant chain, which owns Cosy Club, had given its backing to a ...

Loungers said it agreed to an increased and final 354.4 million pound ($433 million) cash offer from U.S. management firm Fortress Investment Group. Under the latest offer shareholders of the ...

US-based investment firm Fortress has put forward an ‘increased and final cash offer’ for Loungers of 325p per share, a premium of approximately 4.8% on its previous proposal of 310p. The offer raises ...

Dozens of North Atlantic right whales — more than 15% of the estimated global population — are gathered off Jeffreys Ledge, east of Portsmouth, New Hampshire, triggering a slow zone for boaters.

Fortress previously agreed to acquire Loungers for around £338.3m Fortress is a global investment manager Loungers is a hospitality company based in the UK Fortress Investment Group has agreed on ...

Fortress Investment Group has upped its offer for listed UK hospitality company Loungers, with what the private equity firm said is its final offer. Sticking with take-privates, we’ve got an ...

Loungers’ directors said executive chairman Alex Reilley and CEO Nick Collins would “find their positions untenable" if the sale did not go through. The US private equity firm looking to buy Loungers ...

US private equity firm Fortress has increased its takeover bid for cafe bar business Loungers after pushback from investors. Fortress Investment Group said it has now made a 325p-per-share offer ...

The investment group seeking to buy hospitality company Loungers has increased its bid to £354m in response to shareholder pushback on the original offer. Fortress Investment Group had agreed a ...