T.G.I. FRIDAY'S PARENT, CARLSON COMPANIES, INC., OFFERS STOCK TO PUBLIC

Source: Bloomberg News

August 23, 1999
WASHINGTON -- Carlson Companies Inc. filed to sell stock in its Carlson Restaurants Worldwide Inc. unit, whose brands include the T.G.I. Fridays restaurants.

Carlson Restaurants, based in Dallas, filed with the Securities and Exchange Commission to sell as much as $145 million of Class A stock that will have less voting power than the Class B stock to be retained by Minneapolis-based Carlson Companies, Bloomberg News reported. Carlson Restaurants' businesses had revenue of almost $600 million last year, about 3 percent of total revenue at parent Carlson, which with $21.7 billion in 1998 sales is one of the largest private U.S. companies.