Ruby Tuesday Inc., the struggling restaurant chain that said in March it would consider a buyout, is being acquired by private equity firm NRD Capital for about $335 million.
The deal, for $2.40 a share, represents a premium of 21 percent over the company’s closing stock price on Friday, Oct. 13, and more than 37 percent over the price on March 13, a day before Maryville, Tenn.-based Ruby Tuesday said it would explore strategic options.
Ruby Tuesday has been mired in a slump as consumer tastes shift away from sitdown casual dining chains. Its stock has dropped each of the ...
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