Brinker International Inc. said Thursday it completed the $180 million sale of its 162-unit On The Border Mexican Grill & Cantina to Golden Gate Capital, a private equity firm based in San Francisco. Dallas-based Brinker said proceeds from the sale will be used to repurchase company shares, which Doug Brooks, president and chief executive of Brinker, said “emphasizes Brinker’s commitment to return value to shareholders.” Brinker expects to generate fees for a year ...
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Contact: Desiree Torres Desiree.Torres@penton.com