Banyan Acquisition Corp. (BYN) to Combine with Pinstripes in $520M Deal
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Banyan (NYSE:BYN) has entered into a definitive agreement to combine with hospitality brand Pinstripes at an enterprise value of $520 million, or 17.4x to 15.8x its 2024E EBITDA. Northbrook, Illinois-based Pinstripes runs a chain of 17 bistros featuring on-site bowling, bocce ball and other entertainment. Pinstripes is expected to trade on the NYSE under the
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