Monday, October 16, 2017

Ruby Tuesday To Be Acquired By NRD Capital

Image result for Ruby Tuesday Agrees To Acquisition At $2.40 Per ShareRuby Tuesday, Inc. today announced an agreement to be acquired by a fund managed by NRD Capital, an Atlanta-based private equity firm that specializes in franchised and multi-location business investments.

Under the terms of the agreement, NRD will acquire all of Ruby Tuesday’s common stock for $2.40 per share in cash and will assume or retire all debt obligations for a total enterprise value of approximately $335 million, excluding transaction expense.. . . more

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