CAVA Acquires Zoe’s Kitchen and DoorDash Raises $250M

14 Min Read By MRM Staff

MRM's News Bites features Zoe's Kitchen and CAVA, The Wendy’s Company and Inspire Brands, DoorDash, Toast and BevSpot, National Restaurant Association and Beam Suntory, Boston Market, LeaseQ and AutoQuotes, Gather and Wedding Spot, McAlister's Deli®, US Foods, Chicago Meat Authority and HUNGRY.

Send news items to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.

CAVA To Acquire Zoe's KitchenCava Group, Inc., CAVA,  a Mediterranean culinary brand with 66 restaurants entered in to a definitive agreement to acquire Zoe’s Kitchen, Inc. The combined companies will have 327 restaurants in 24 states throughout the U.S.

Under the terms of the agreement, Zoës Kitchen shareholders will receive $12.75 in cash for each share of common stock they hold. This represents a premium of approximately 33% to Zoës Kitchen’s closing share price on August 16, 2018 and a premium of approximately 33 percent to Zoës Kitchen 30-day volume weighted average price…