ATLANTA LongHorn Steakhouse and Capital Grille parent Rare Hospitality International Inc. has completed the previously announced sale of its Bugaboo Creek Steak House concept to Charlie Brown's Acquisition Corp., a steakhouse group owned by the private-equity firm Trimaran Capital. The sale price was approximately $24 million, slightly less than the $28 million cited when the deal was originally announced in February, primarily due to changing market conditions, the companies indicated. ...
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Contact: Desiree Torres Desiree.Torres@penton.com