SUPERMACS BOSS IN BID TO BUY US PUB CHAIN

Date Published: 11-Jan-2008

Supermacs founder, Galway's Pat McDonagh has offered to acquire an American pub and restuarant chain that entered bankruptcy protection in 2006If the deal to acquire the Claddagh Irish Pub and Restuarant Chain goes ahead, it will give the business an enterprise value of 31 million dollarsPat McDonagh had been involved in a lengthy legal dispute with a former employee of the Claddagh Irish Pub Chain over financing arrangementsIn 2006, following a legal battle, a US court ruled in favour of Mr. McDonagh awarding him 2 point 5 million dollars in damages