ORLANDO, Fla. Darden Restaurants said it has narrowed the field of bidders for its 73-unit Smokey Bones Barbecue & Grill chain to an affiliate of the private-equity firm Sun Capital Partners Inc. in hopes of negotiating a deal within 30 days. In anticipation of negotiating a definitive purchase agreement during the period of exclusivity, the Sun Capital affiliate has already taken steps to meet certain licensing requirements, which would facilitate a quick closing, Darden said. It did ...
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Contact: Desiree Torres Desiree.Torres@penton.com