CARLSBAD Calif. Rubio’s Restaurants Inc. has rejected the proposed $49.75 million buyout offer from investor Kelly Capital Investments LLC because the bid “significantly undervalues [Rubio’s] core business and operating plan,” the restaurant operator said Wednesday. Kelly Capital last week offered $5 per share for all of Rubio’s outstanding stock in a deal that was still subject to financing. Rubio’s operates or franchise more than 180 Rubio’s Fresh Mexican Grill restaurants. Its ...
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!