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A team of Pryor Cashman attorneys negotiated the acquisition of Main Street Restaurant Group by Main Street Acquisition Corp., a wholly-owned subsidiary of The Briad Group, newly formed for the purpose of the acquisition.

Main Street Acquisition entered into an agreement to acquire Main Street Restaurant (NASDAQ: MAIN), the world's largest franchisee of T.G.I. Friday's restaurants, the owner and operator of the Bamboo Club - Asian Bistro, the Redfish Seafood Grill and Bar restaurant concepts and operator of one Alice Cooperstown restaurant. Under the agreement, Main Street Acquisition will commence a cash tender offer for all of the outstanding shares of Main Street Restaurant Group at $6.40 per share.

Corporate partner Rich Frazer led the transaction for Main Street Acquisition Corp. and The Briad Group. William Levine and Chris Mellevold, partners in the firm's Banking and Finance Group, handled the financing documents with Bank of America. Associates Michael Campoli, Louis Ciccone and Melissa Fleming assisted in the transaction.