VAUGHAN, ON, Jan. 23, 2018 /CNW/ – Cara Operations Limited (TSX: CARA) (“Cara”), Keg Restaurants Ltd. (“KRL”) and The Keg Royalties Income Fund (the “Fund”) are pleased to announce that Cara and KRL have agreed to merge pursuant to the terms of a binding letter of intent.
Vancouver-based KRL is the owner/operator and franchisor of casual dining steakhouse restaurants operating under the trade name “The Keg Steakhouse & Bar” in Canada and select markets in the United States. Over its 45 year history and under Chief Executive Officer David Aisenstat’s leadership for the last 20 years, The Keg has established an enviable brand name and reputation as the leader in service, food and ambiance in full service restaurants. Cara is Canada’slargest operator and franchisor of full service restaurants and is the third largest of all restaurant groups in Canada.
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