Bertucci's,
the casual restaurant known for its authentic Italian foods and
signature brick oven pizzas, today announced that it filed voluntary
petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware
(the "Bankruptcy Court") with Right Lane Dough Acquisitions, LLC
serving as the Stalking Horse Bidder. Under the asset purchase
agreement, the Stalking Horse Bidder has agreed to purchase
substantially all of Bertucci's assets and assume certain liabilities,
subject to higher or otherwise better offers.
The transaction is intended to maximize value for all stakeholders through a fair, open Bankruptcy Court-approved sale process in which Bertucci's will consider all bids for a sale or restructuring of the company.. . . more
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