Investor groups increase stake, ask company to seek a buyer
A group of investors who successfully pressured Red Robin Gourmet Burgers Inc. to make changes to top management last year now say the restaurant company should actively seek a buyer. In filings with the U.S. Security and Exchange Commission Friday, the Clinton Group Inc. and Spotlight Advisors LLC, who together hold about 8.95 percent of Red Robin public stock, argued that planned restructuring efforts would be better conducted as a private company. Red Robin currently trades on the Nasdaq ...
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