Chuck E. Cheese is taking the road less traveled back to the public markets.
CEC Entertainment Inc., parent of restaurant chains Chuck E. Cheese and Peter Piper Pizza, said it agreed to combine with special purpose acquisition company Leo Holdings Corp. to go public on the New York Stock Exchange with an initial enterprise value of about $1.4 billion. The transaction is expected to close in the second quarter, after which the new entity will be traded on NYSE.
What’s rare about a private equity firm taking a company public again after taking it private and loading it with debt? Happens every damn day. It’s called “FEES”. Surely the WSJ understands this?
genius
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