MRM Franchise Feed: Bojangles Acquired and Chicken Salad Chick Celebrates 100th

28 Min Read By MRM Staff

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise environment. 

Send news to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.

 

Bojangles AcquiredBojangles’, Inc. will be acquired by Durational Capital Management LP and The Jordan Company, L.P in an all cash transaction where Bojangles’ stockholders will receive $16.10 per share, representing a 39-percent premium to the closing share price of February 12.

The acquisition, which has been unanimously approved by Bojangles’ Board of Directors, is subject to stockholder approval and other customary closing conditions. Concurrently with the execution of the acquisition agreement, Bojangles’ majority stockholder executed a customary voting agreement whereby it agreed (among other things) to vote its shares in favor of the acquisition.  The transaction is expected to be completed in the first quarter of fiscal year 2019. Upon…