Rattlesnake to Acquire Ottomanelli's; New CEO Named; Post-Closing Expansion Financing Planned; Nasdaq Delisting Appeal Pending

PR Newswire | August 25, 1997 | Copyright

STAMFORD, Conn., Aug. 25 /PRNewswire/ -- The Rattlesnake Holding Company, Inc., (Nasdaq SmallCap: RTTL) today announced that it has executed a formal agreement with The Ottomanelli Corporations and their two shareholders to acquire all of the capital stock of the Ottomanelli Corporations. The transaction has been structured as a stock-for-stock tax free exchange whereby the Ottomanelli shareholders will receive Rattlesnake common stock approximating 37% of the issued and outstanding common stock of Rattlesnake. The Ottomanelli Corporations operate three restaurant ...

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