Bravo Brio Restaurant Group Board of Directors Reaffirms Recommendation to Proceed with Acquisition by an Affiliate of Spice Private Equity Ltd.
BRAVO BRIO RESTAURANT (BBRG)
Last bravo brio restaurant earnings: 11/1 04:05 pm
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US:NASDAQ Investor Relations:
cnbc.com/2018/03/08/globe-newswire-bravo-brio-restaurant-group-to-be-acquired-by-spice-private-equity-an-affiliate-of-gp-investments.html
Company Research
Source: GlobeNewswire
Board of Directors Unanimously Rejects Acquisition Proposal from Romano’s Macaroni Grill Special Meeting of Shareholders On May 22 to Approve Transaction With Spice Private Equity Ltd. COLUMBUS, Ohio, May 15, 2018 (GLOBE NEWSWIRE) -- Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) (“BBRG” or the “Company”), owner and operator of the BRAVO! Cucina Italiana and BRIO Tuscan Grille restaurant concepts, announced today that it has rejected an unsolicited proposal it received on May 9, 2018, from Romano’s Macaroni Grill (“Macaroni Grill”) to purchase all of the fully diluted outstanding common shares of BBRG for approximately $4.78 per share. Macaroni Grill’s unsolicited proposal relies on significant third party financing (both debt and equity), including by Raven Capital Management LLC, which was a prior participant in the Company’s comprehensive review of strategic alternatives that led to BBRG’s entry into a definitive merger agreement on March 7, 2018 with an affiliate of Spice
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