All Charlie Brown’s locations sold to CB Restaurants are expected to remain open
The U.S. Bankruptcy Court has approved the sale of 20 Charlie Brown’s Steakhouse restaurants by bankrupt CB Holding Corp. to an affiliate of Praesidian Capital Opportunity Fund II-A LP, but at a higher price than originally proposed by Praesidian. Officials of Mountainside, N.J.-based CB Holding Corp. said the bankruptcy court for District of Delaware approved the sale to Praesidian affiliate CB Restaurants Inc. following an April 6 auction at which CB Restaurants was the highest ...
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