CARLSBAD Calif. Rubio’s Restaurants Inc. has rejected the proposed $49.75 million buyout offer from investor Kelly Capital Investments LLC because the bid “significantly undervalues [Rubio’s] core business and operating plan,” the restaurant operator said Wednesday. Kelly Capital last week offered $5 per share for all of Rubio’s outstanding stock in a deal that was still subject to financing. Rubio’s operates or franchise more than 180 Rubio’s Fresh Mexican Grill restaurants. Its ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com