In a regulatory filing earlier, Barington/Hilco Acquisition Corp. disclosed that on February 14 the company and its partners entered into a letter of intent with Specialty Brands Holdings. Under the terms of the LOI, SBH has agreed in principle to sell 100% of the capital stock of PGHC Holdings, Inc., a Delaware corporation that is a holding company that owns 100% of the capital stock of Papa Gino's Holding Corp., which together with its direct and indirect subsidiaries, including Papa Gino's, Inc., owns, operates and franchises 148 company owned pizzeria restaurants and one venue licensee, under the trade name Papa Gino's and 93 company owned sandwich restaurants, 31 franchised locations and three venue licensees under the trade name, D'Angelo's; in each case, throughout New England.
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