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Why FST SPAC Shares Are Up 13%

Shares of Fast Acquisition Corp (NYSE:FST) are trading higher on new terms for the SPAC merger and additional restaurants added to the new company.

What Happened: The enterprise value of the SPAC merger between Tilman Fertitta and Fast Acquisition Corp was raised from $6.6 billion to $8.6 billion, Bloomberg reports.

Catch Hospitality Group, Galveston Island Historic Pleasure Pier and Mastro’s Restaurants have been added to the terms of the deal.

The original SPAC deal announced in February included the casino and restaurant holdings that included Landry’s restaurants, Del Frisco's, Bubba Gump Shrimp, Morton’s The Steakhouse, Joe’s Crab Shack, Golden Nugget casino and other brands.

Related Link: Tilman Fertitta's Restaurant, Casino Group In Talks With Fast Acquisition SPAC
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