MINNEAPOLIS Buca Inc., operator of the 88-unit Buca di Beppo Italian dinnerhouse chain, said Tuesday that it has agreed to be acquired by Planet Hollywood International Inc. in a deal valued at $9.7 million. Asubsidiary of Planet Hollywood offered a buyout bid of 45 cents per share for the struggling casual-dining operator. The purchase price is a 41-percent premium over Buca’s closing price on Monday of 32 cents per share. Buca’s stock price has taken a large hit during the past ...
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Contact: Desiree Torres Desiree.Torres@penton.com