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A pair of advisory firms are recommending that shareholders vote against the deal.
Ando shutters its New York City operation.
The Bottom Line: Deals such as Arby's acquisition of Buffalo Wild Wings show a shift in investor thinking.
The movie theater-restaurant chain hopes to raise up to $40 million from investors to expand.
The company says the deal would bolster its long-term growth.
Roark and Arby's first inquired about buying the chain in February, before the stock plunged following CEO Sally Smith's resignation.
Count Mother Nature squarely among the parties generating the loudest buzz, along with a hotelier in a new job and a one-time online bookseller.
High prices and big deals marked a huge year for acquisitions.
The sale came with activists circling, but forced deals aren’t always the best option.
Its sale to Sentinel is the culmination of a strong seven-year run for the seafood chain.
Up-and-coming restaurant chains and what’s propelling their growth
Food trends and recipes to keep menus fresh
New restaurants and soon-to-open concepts worth monitoring
RB’s exclusive ranking of the highest-grossing independent restaurants
Peter Romeo highlights the moments restaurateurs miss at their own peril
Ideas from the field you may want to borrow