Financial terms of the acquisition were not disclosed.
The collaboration includes an exclusive licensing agreement that allows Aramark to operate designated Starr concepts and brands within multiple lines of its business. The companies will also explore joint business development opportunities, Aramark said.
Aramark shares were about 2.6% higher in recent premarket activity Tuesday.
Price: 36.4, Change: +0.93, Percent Change: +2.62
|Street Color: Global Calendar For Week Ending May 20|
|Ryder System Receives $4.4 Billion Cash Buyout Propo...|
|Payoneer Shares Rally After Q1 Beats Expectations, 2...|
|Market Chatter: Alibaba Group's Venture in Russia Re...|
|Research Alert: CFRA Raises View On Paycom Software ...|