Getting your player ready...
Chanticleer Holdings, an investor in small companies, has agreed to buy Hooters, Hooters Management and their related restaurants for about $55.1 million.
Famous for waitresses dressed in orange shorts and white tank tops, Hooters has 433 restaurants in 28 countries, according to a news release.
The purchase depends on Chanticleer raising the necessary financing and requires the firm to convert its Securities and Exchange Commission status to that of an operating company, Chanticleer said in the statement.
