A Possible Sale Has Shares of Bojangles, Inc. Jumping 15% on Friday [The Motley Fool]
BOJANGLES (BOJA)
Last bojangles earnings: 11/8 04:05 pm
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Source: The Motley Fool
After recent struggles and declining comparable-store sales, investors are hopeful a buyout could bring a premium price tag. Daniel Miller ( TMFTwoCoins ) Sep 28, 2018 at 4:05PM What happened Shares of Bojangles, Inc . ( NASDAQ:BOJA ) , a growing operator and franchisor known for southern recipes, fried chicken, and all-day breakfast at 766 systemwide restaurants, jumped 15% as of about 2:30 p.m. EDT after news broke that the company is working with Bank of America to explore strategic alternatives. So what The fast-food chain, according to Reuters, is considering strategic alternatives including a possible sale, giving credence to recent rumors. Restaurant chains exploring strategic alternatives has been a common theme recently. In 2017, there were a number of deals including Restaurant Brands International 's ( NYSE:QSR ) acquisition
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