Ruby Tuesday Chain To Be Taken Private

The casual dining chain represents the latest investment in multi-location franchises by private equity firm NRD Capital. Ruby Tuesday operates 599 locations in the US and 14 foreign countries. MARYVILLE, TN—Casual dining chain Ruby Tuesday, hit by four consecutive years of declining sales, said Monday it would be taken private by NRD Capital for $335 million, including the assumption of debt. The deal for $2.40 per common share represents a 21% premium on Ruby Tuesday’s closing price this past Fridayand a 37% premium over its closing price on March 13, the day before the company said it would explore strategic alternatives. At its peak in 2004, the chain’s stock traded at about $33 per shar

Recent Posts

Search By Tags

Archive


© 2017 Invest Commercial.


 

  • Facebook Social Icon
  • LinkedIn Social Icon

 Invest-Commercial |  (516) 344-8008  | 1 Dupont St , Plainview, New York 11803