CARLSBAD Calif. The parent to the 195-unit Rubio‚Äôs Fresh Mexican Grill chain has rejected the unsolicited $80 million buyout proposal that came earlier this month from an investor group. The board of directors of Rubio‚Äôs Restaurants Inc. voted unanimously to turn down the $8-per-share buyout offer from a group including Alex Meruelo, a developer and Rubio‚Äôs investor, and Levine Leichtman Capital Partners IV LP, a private equity firm, Rubio‚Äôs said in a statement this week. ...
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Contact: Desiree Torres Desiree.Torres@penton.com