CARLSBAD Calif. Rubio’s Restaurants Inc. received a letter late last week with an increased buyout offer of $85 million from investor Alex Meruelo and private-equity firm Levine Leichtman Capital Partners, the group that had offered $80 million for Rubio’s last October. According to filings with the Securities and Exchange Commission, Rubio’s had yet to respond to the latest offer, which totals $8.50 per share. Rubio’s rejected the first proposal in late October, at $8 per ...
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