Operator M&A Update: TGI Fridays; Chicken Salad Chick, BW3 Franchisee and Marie Callender’s

It was another week of active M&A activity in the chain world:   –TGI Fridays agreed to be acquired by Allegro Merger for $30 million and the assumption of $350 million in debt. The chain’s majority owners, TriArtisan Capital and MFP Partners, agreed to tender their share for shares in Allegro, which is a public…