Ruby Tuesday, Inc. to Explore Strategic Alternatives
RUBY TUESDAY (RT)
US:NYSE Investor Relations:
rubytuesday.com/investors/ir-home
Company Research
Source: Business Wire
MARYVILLE, TN--(BUSINESS WIRE)-- Ruby Tuesday (NYSE:RT) today announced it will explore strategic alternatives in order to maximize shareholder value and position the business for long-term success. The Board of Directors will consider all strategic alternatives including, but not limited to a potential sale or merger of the Company, and has retained UBS as its financial advisor to assist in the process. “Ruby Tuesday is an iconic American brand with a 45 year legacy of serving local communities great American fare. While we continue to focus on executing against our Fresh Start initiatives including the rollout of our Fresh New Menu, Fresh New Garden Bar and Fresh Experience, we believe now is the right time to explore strategic alternatives that have the potential to position the business for long-term success and to carry that legacy forward,” said Stephen Sadove, Non-Executive Chairman of Ruby Tuesda
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