Restaurants Unlimited declares bankruptcy

The casual-dining operator closed six locations and blamed rising minimum wages and shifting consumer tastes for the filing.


Kura Sushi files for an IPO

The fast-growing revolving sushi chain hopes to raise $58 million.

The company terminated one of its largest franchisees over unpaid royalties following the closure of a location over health code violations.

The deal would make PFG one of the largest foodservice distributors in the U.S.

RB’s The Bottom Line compares proposals for the two casual-dining operators to previous restaurant chain transactions.

The casual chain said the demand from Vintage Capital didn’t include the necessary information, nor proof that Vintage actually owns 11.6% of outstanding shares.

The purchase price was $10 million. The reality is far more complicated, says RB’s The Bottom Line.

At the six-month mark, critical forces have clearly emerged. Here’s a sampling.

The private-equity firm is paying $8 per share in an all-cash deal valued at $650 million.

Ancora Advisors said the company should immediately run a sale process after shareholders withheld votes from two directors.

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