Spec’s Buys Fellow TX Liquor Store, Preventing Other Public Cos. from Entering the Market

Dear Client:   Spec's recently emerged as the buyer of fellow Texas liquor store owner Gabriel Investment Group, after the latter filed for bankruptcy a few years ago. This acquisition closes the door for any other public companies to enter the Texas spirits market, at least for now.  HOW WE GOT HERE. In September 2019, Gabriel Investment Group filed for Chapter 11 reorganization after merger negotiations with another Texas retailer fell through. As part of the bankruptcy case, Gabriel's intended