March 26 (Reuters) - One Group Hospitality Inc ( STKS ):

* THE ONE GROUP HOSPITALITY, INC. ( STKS ) TO ACQUIRE OWNER OF

BENIHANA

* ONE GROUP HOSPITALITY INC ( STKS ): TRANSACTION IS VALUED AT $365

MILLION

* ONE GROUP HOSPITALITY INC ( STKS ) - PROPOSED DEAL EXPECTED TO BE

ACCRETIVE TO DILUTED EARNINGS PER SHARE

* ONE GROUP HOSPITALITY INC ( STKS ): DEAL WILL BE FINANCED WITH $160

MILLION IN PREFERRED EQUITY AND A PORTION OF A NEW $390 MILLION

TERM LOAN AND CREDIT FACILITY

* ONE GROUP HOSPITALITY INC ( STKS ): EXPECTS THAT IT WILL TAKE 24

MONTHS

TO REALIZE SYNERGIES POST-CLOSING

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