Fairfax Financial Holdings Ltd. is bidding $1.2 billion to buy the 44.2 per cent of Recipe Unlimited Corp. that it does not already own.
Recipe owns Swiss Chalet, Harvey’s and The Keg,
plus others.
The Phelan family, which founded Recipe
predecessor Cara, would continue to hold a stake in the private business
through Cara Holdings Ltd. Cara currently holds nearly 22 per cent of the
company’s shares.
