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acquisitions

Financing

After 13 years and 2 bankruptcies, Perkins and Marie Callender’s split up

The smaller Marie Callender’s was sold for $1.75 million as part of the breakup. RB’s The Bottom Line examines why the price was so low.

Financing

Huddle House agrees to buy Perkins for $51.5M

The purchase will create a family restaurant empire extending to 700 locations and $800 million in annual sales.

Financing

Why private equity is paying big dollars for restaurant chains

By Jonathan Maze on Sep. 12, 2019

Tons of dry powder and low interest rates have helped fuel the summer’s shopping spree, but buyers are still being choosy, says RB’s The Bottom Line.

Financing

Luby’s starts looking for a buyer

By Peter Romeo on Sep. 12, 2019

The multiconcept operator has begun the process of evaluating “strategic alternatives.”

Financing

The IPO market reopens for restaurants

By Jonathan Maze on Sep. 11, 2019

On this week’s episode of "A Deeper Dive," Ashish Seth of BMO Capital Markets talks about Kura Sushi's IPO and a crazy summer for M&A.

Financing

Red Robin bidder blasts board for its handling of offer

By Peter Romeo on Sep. 11, 2019

Vintage Capital contends in a public letter that negotiations would have brought a higher offer, but Red Robin wasn’t willing. It also alleges that the incoming CEO is getting too rich of a deal.

Financing

Hargett Hunter invests in Marugame Udon USA

By Jonathan Maze on Sep. 10, 2019

The investment will help the Japanese noodle and tempura chain quickly expand in the U.S.

Financing

McDonald’s to acquire Apprente

By Jonathan Maze on Sep. 10, 2019

The voice-ordering technology company would be the burger giant’s third deal this year and comes as it plans to build a presence in Silicon Valley.

Financing

Is a merger still in Papa John’s future?

By Jonathan Maze on Sep. 09, 2019

John Schnatter told Fox Business that he talked with Wendy’s about merging—and that the chance of a deal has increased since the recent CEO change, says RB’s The Bottom Line.

Financing

Brinker closes on 116-unit Chili’s deal

By Peter Romeo on Sep. 05, 2019

The company said it plans to invest in the stores at an accelerated rate.

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