03:39 PM EST - Prime Restaurants Inc. : announced today that it has entered into an acquisition agreement pursuant to which Cara Operations Limited has agreed, subject to certain conditions, to acquire all of the issued and outstanding shares of the Company. Shareholders will receive a total of $7.00 per share on the effective date, comprised of $6.75 per share payable by Cara in cash and $0.25 per share as a special dividend from PRI.
shares T.EAT are trading up $1.91 at $6.76.
