LOUISVILLE Colo. Rock Bottom Restaurants Inc. said it laid off 19 percent of its support staff last week and is postponing a recapitalization because of prevailing economic conditions. Last year the casual-dining company hired the investment banking firm Piper Jaffray & Co. to explore a possible exit strategy for founder Frank Day and other investors. The decision was based on Rock Bottom’s financial health and plans for future growth, officials said at the time. Day led a management ...
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Contact: Desiree Torres Desiree.Torres@penton.com