Shareholder Activism May Jolt Restaurant Property Deals

Law360, New York (January 17, 2014, 6:57 PM EST) -- A recent surge in shareholder activism targeting chain restaurants has put a spotlight on the industry's sizable real estate holdings, and attorneys say the attention could spur a bump in property deals over the coming months.

The last several weeks have seen three major restaurant companies dealing with pressure from activist shareholders, including calls for the chains to sell off real estate holdings or separate restaurant businesses from other operations. Some attorneys say the shareholder attention could spur a boost in real estate deals both at the targeted companies and beyond.

"I think activists are drawn to companies where there's a...

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