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A company operated by Marcus Jundt has a $27 million stalking horse bid to buy the struggling casual-dining chain.
The chain's to-go and catering business has surged, while dine-in business has fallen.
The chain is reportedly looking to sell a stake in the business, suggesting the chain may be ready to speed its growth, says RB’s The Bottom Line.
The owner of Landry’s has formed a second public shell company and is raising $275 million to fund a deal.
The pizza chain’s founder has hired advisers to explore a sale of all or some of his shares.
The company hopes to raise as much as $510 million and be valued at more than $4 billion in its upcoming offering.
The struggling casual-dining chain appointed a restructuring specialist as CEO and said a bankruptcy filing is possible.
Despite favorable regulations, small companies still struggle to gain traction on the public markets, says RB’s The Bottom Line.
The board of directors said that the $11.75-per-share proposal “dramatically undervalues the company.”
Mario Gabelli puts his support behind a sale, saying that it’s too small to be public and hasn’t performed well, says RB’s The Bottom Line.
These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.
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