Meritage Hospitality Group Inc. (OTCPK:MHGU) entered into an definitive asset purchase agreement to acquire 10 Wendy's restaurants in Georgia and Texas on August 6, 2019. The transaction is subject to customary due diligence and standard approvals. The transaction is expected to close during the third quarter of 2019. As of September 10, 2019, Meritage Hospitality completed the acquisition of 5 Wendy's restaurants. Meritage expects the five additional restaurants to add approximately $9.1 million in annual sales and be accretive to earnings going forward.