Steakhouse Del Frisco’s to acquire tapas restaurant owner Barteca for $325 million

Steakhouse Del Frisco’s to acquire tapas restaurant owner Barteca for $325 million

Del Frisco’s Restaurant Group, Inc.(NASDAQ:DFRG), known for its upscale steakhouses, told CNBC it will acquire Barteca Restaurant Group for $325 million in cash in a bid to expand its footprint and balance its portfolio. The deal announced Monday represents a calculated move by Del Frisco’s, which owns Del Frisco’s Grill, Del Frisco’s Double Eagle and Sullivan’s Steak House, to grow in scale and reach new customers. It’s a big step for a company with a…

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