acquisitions

Financing

Ruby Tuesday founder’s SPAC prepares to wind down

The Bottom Line: Fast Acquisition will redeem all its shares later this month after a previous deal with Tilman Fertitta fell through, but not before a shareholder files a lawsuit.

Financing

Famous Dave’s is getting a new owner, but strategy won’t change

With its vast family of brands, MTY Food Group could be an ideal partner for BBQ Holdings’ unique approach to growth.

The private equity fund will merge the 750-unit burrito chain with Modern Market and Lemonade owner Modern Market Concepts.

MTY Food Group, which also owns Pinkberry and Cold Stone Creamery, among many others, will buy BBQ Holdings for $17.25 per share.

The acquisition will give the convenience-store giant access to a major network of delivery drivers for the restaurant and retail channels.

The fundraise will help the multi-channel ready-to-eat concept to expand into more locations in California and New York.

The Hawaii-based concept hopes to take its unique taro donuts to California. It just completed a $9 million investment round featuring investors like Tony Hawk and chef Christopher Kostow.

The owner of Mooyah Burger and Cici’s Pizza completed its purchase of the Minnesota-based coffee chain last week. But he was eyeing it long before then.

Occupancy rates are nearly back to 2019 levels, according to the report, but job and hiring levels still have room to go.

The cutbacks are part of the c-store giant's $21 billion acquisition of Speedway in 2021.

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