COLUMBUS Ohio Max & Erma's Restaurants Inc., parent of the 107-unit namesake casual-dining brand, has agreed to be acquired for about $10.2 million by G&R Acquisition Inc., a holding of Pittsburgh restaurateur Gary Reinert Sr. The boards of Max & Ermaâ€™s and G&R unanimously approved the $4-per-share buyout, which represents a 37-percent premium over Max & Erma's closing price of $2.92 on Friday. Principal stockholders who collectively own about 45 percent of the outstanding shares of ...
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Contact: Desiree Torres Desiree.Torres@penton.com