Nathan’s Famous will merge with Equicor Group.

Murray Handwerker, chairman and president of Nathan’s Famous Inc., New York, said the company has entered into an agreement in principle with Equicor Group Ltd., a private investment group, calling for the purchase by Equicor of all of the company’s shares, including shares issuable upon the exercise of outstanding options and warrants, at $8.50 a share in cash. The transaction is expected to be completed about March 31, 1987, and may, at Equicor’s option, take the form of a friendly tender offer or merger.