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IMVESCOR RESTAURANT GROUP INC. T.IRG

"Imvescor Restaurant Group Inc is a franchise business that operates restaurants under the brand names of Pizza Delight, Toujours Mikes, Scores, Bâton Rouge and Ben and Florentine and licenses the right to manufacture and sell prepared food products."


TSX:IRG - Post by User

Post by dpunt32on Sep 22, 2014 12:20pm
164 Views
Post# 22958485

Crescendo Partners getting active in IRG

Crescendo Partners getting active in IRG

Crescendo Partners sends letter to Board of Imvescor Restaurant Group, Inc.

NEW YORK, Sept. 22, 2014 /CNW/ - Crescendo Partners, a shareholder of Imvescor Restaurant group, Inc.  ("Imvescor" or the "Company") (TSX: IRG) today announced that it has delivered a letter to the Board of Directors of the Company. In the letter, Crescendo Partners urges the Board of Directors of the Company to implement a meaningful annual dividend of $0.12 to $0.15 per share, which would imply a dividend yield of between 6.9% and 8.6%, respectively.  


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