![]() Hard Rock co-founder Isaac Tigrett was expected to remain in charge of the restaurant business, according to a spokesman. Hard Rock International owns Hard Rock Cafes in New York London Dallas Tokyo Reykjavik, Iceland Cancun, Mexico and Stockholm. It also merchandises the Hard Rock name on souvenirs, t-shirts and other items. Hard Rock is most famous for its string of restaurants, which offer American-style food accompanied by blaring music and an eclectic decor featuring rock ‘n’ roll artifacts. Hard Rock’s board of directors already has approved the takeover. The overall buyout was conditioned on completion of that tender offer, a planned $216.5 million rights offering to fund the buyout, and approval by Hard Rock shareholders and British regulators. That offer does not apply to class A shares or ADSs. ![]() Pleasurama also will acquire all of Hard Rock’s regular common shares through a cash tender offer in the United Kingdom, the company said. Hard Rock stock traded in this country as American Depositary Shares, each equalling five class A shares, would be bought for 5 pounds per ADS. ![]() Pleasurama agreed to acquire Hard Rock’s class A restricted voting shares for 1 pound a share, or about $1.70 at current exchange rates. NEW YORK (AP) _ Hard Rock International PLC, owner of seven Hard Rock Cafe restaurants in six countries, has agreed to a $107 million buyout by Pleasurama PLC, a British leisure industry holding company.
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