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Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Aug. 17, 4:50 PM Recent mergers and acquisitions in the Travel & Entertainment M&A category.

Slide #31. Bloomin' Brands, Inc. Controlling Interest in Brazilian Joint Venture

Acquirer: Bloomin' Brands, Inc. (NASDAQ:BLMN)
Acquiree: Controlling Interest in Brazilian Joint Venture
Details: Bloomin' Brands, Inc. (Nasdaq:BLMN) ("the Company") today announced that it entered into an agreement to acquire a controlling interest in its Outback Steakhouse operations in Brazil. Upon completion of the acquisition, the Company will hold a 90 percent interest in the Brazilian joint venture. The partnership's first restaurant opened in Rio de Janeiro in 1997. Today, the partnership operates 47 Outback Steakhouse restaurants with more than 5,000 employees. The acquisition is expected to close on or about Monday, November 4th.

Bloomin' Brands is a holding company. Through its subsidiaries, Co. is a casual dining restaurant company. Co. has four concepts: Outback Steakhouse, which is a casual steakhouse restaurant concept focused on steaks and Australian decor; Carrabba's Italian Grill, which provides Italian cuisine; Bonefish Grill, which focuses on fish, wood-grilled items and cocktails; and Fleming's Prime Steakhouse & Wine Bar, which is a steakhouse concept featuring beef, chops, fish, seafood and poultry, salads and side dishes. Co. owns and operates restaurants across the U.S., Puerto Rico, Guam and other countries.

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Company Name: 
Bloomin' Brands Inc
Stock buyback: 
BLMN buyback
Website: 
www.bloominbrands.com
Sector: 
Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding BLMN: 
50
Total Market Value Held by ETFs: 
$303.50M
Total Market Capitalization: 
$1.39B
% of Market Cap. Held by ETFs: 
21.91%
 

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