Autogrill Company

Autogrill, an Italian company that controls Europe's largest restaurant group catering to travelers, agreed to acquire U.S. rival Host Marriott Services Corp. for $529 million. Autogrill, which is controlled by the Italian family that runs the Benetton clothing empire, said Host Marriott's board has decided to back its offer of $15.75 a share. Host Marriott, which was spun off from the Marriott hotels chain in 1995, operates concessions at more than 70 U.S.

Autogrill, an Italian company that controls Europe's largest restaurant group catering to travelers, agreed to acquire U.S. rival Host Marriott Services Corp. for $529 million. Autogrill, which is controlled by the Italian family that runs the Benetton clothing empire, said Host Marriott's board has decided to back its offer of $15.75 a share. Host Marriott, which was spun off from the Marriott hotels chain in 1995, operates concessions at more than 70 U.S.