Fairfax Buys Steakhouse Chain In 1st Move Since BlackBerry

Law360, New York (November 18, 2013, 2:21 PM EST) -- Fairfax Financial Holdings Ltd., the firm that earlier this month led a $1 billion investment in ailing BlackBerry Ltd., said Monday that it would swallow up a majority stake in the Keg Restaurants Ltd. chain in a move that keeps the spotlight on its restaurant portfolio.

Under the deal's terms, Fairfax will lift its 51 percent stake from Keg President and CEO David Aisenstat, who will hang onto the remaining interest and stay at the helm of the company. Fairfax did not say how much it...
To view the full article, register now.