QualityStocksNewsBreaks – RCI Hospitality Holdings, Inc. (NASDAQ: RICK) Featured in Earnings Preview from Sidoti
Look For Color On The Announced Acquisition Of 11 Clubs RCI Hospitality Holdings (NASDAQ: RICK) was featured in a company-sponsored research earnings preview note published by Sidoti & Company, LLC. The report reads, “On the call, we will look for color around the recently announced agreement to acquire 11 clubs. In late July, RICK announced a definitive agreement to purchase 11 clubs (RICK currently operates 38) for a total of $88 million; $57.0 million plus $18.0 million for six real estate properties tied to locations, and $13.0 million for the intellectual property. The timing of the acquisition closing will likely…