Max & Erma's will be purchased out of bankruptcy in a deal valued at $24.6 million in cash and assumed debt, according to a reorganization plan filed Friday with the U.S. Bankruptcy Court in Pittsburgh. Under the plan, which still must be approved by the court, “substantially all” of the casual-dining chain's assets will be sold to Concept Development Partners, which is controlled by CIC II LP of Dallas and CDP Management Partners, based in Malibu, Calif. Concept Development ...
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 the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!