ORLANDO, Fla. Darden Restaurants said it has narrowed the field of bidders for its 73-unit Smokey Bones Barbecue & Grill chain to an affiliate of the private-equity firm Sun Capital Partners Inc. in hopes of negotiating a deal within 30 days. In anticipation of negotiating a definitive purchase agreement during the period of exclusivity, the Sun Capital affiliate has already taken steps to meet certain licensing requirements, which would facilitate a quick closing, Darden said. It did ...
It’s free but we need to know a little about you to continually improve our content.
Why Register?
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!