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Industry stocks got hit hard on Monday, just like everybody else, says RB's The Bottom Line.
ABDD Capital acquired the locations in Louisville, Ky.
With their $2.9 billion merger closed, the two brands created Inspire Brands as a growth vehicle.
The company also promoted Corey Horsch to CFO and elected a new director.
The economy added 200,000 jobs and wage growth improved.
The burger giant has closed more than 300 locations the past three years, says RB's The Bottom Line. Will it grow again?
The company says it will focus on organic growth after shareholders block a proposed merger with Ninety Nine Restaurants.
This weekend should be big for chains doing more delivery and takeout.
The movie theater-restaurant chain raised less than it originally planned.
Sentinel Capital sold the family-dining chain to the private-equity titan's family office investor.
The company is co-branding a card with Chase that ties into its rewards program.
Marathon Partners accuses J. Alexander's of "manipulation" in its effort to merge with Ninety Nine Restaurants, says RB's The Bottom Line.