The One Group Hospitality Inc. completed its purchase of Scottsdale-based Kona Grill Inc. Monday, which pushed the New York company’s stock price higher.
The One Group (Nasdaq: STKS) purchased Kona, which filed for Chapter 11 bankruptcy protection in April, for $25 million in cash and assumed approximately $11 million in liabilities. The deal was approved by a bankruptcy judge on Sept. 24.
With the completion of the acquisition, The One Group raised its financial targets for 2019, increasing…
