OTHER NEWS - Oct. 26, 1993

Foodmaker Reaches Definitive Agreement: Irvine-based Restaurant Enterprises Group, which operates the Coco’s, El Torito and Carrows chains, said it has reached a definitive agreement on its previously announced plan to acquire the Chi-Chi’s Mexican restaurant chain from San Diego-based Foodmaker Inc. for $270 million. Foodmaker, which also owns the Jack in the Box chain, will invest $65 million in REG as part of a complicated deal that will pump $160 million in new equity into the financially troubled restaurant operator. New York-based Apollo Advisors L.P. will invest $65 million in REG, and Los Angeles-based Green Equity Investors L.P. will invest another $30 million.