Perkins & Marie Callender’s Inc. said Friday it expects to emerge from Chapter 11 bankruptcy restructuring in the fourth quarter of this year, under control of debt holders. The Memphis, Tenn.-based operator and franchisor of about 530 Perkins and Marie Callender’s restaurants, which filed for bankruptcy last month, will see a shift of majority control to Wayzata Investment Partners LLC, a Minnesota-based private-equity fund and holder of Perkins & Marie ...

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