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The American steakhouse chain Del Frisco's Restaurant Group Inc (NASDAQ:DFRG)'s stock was trading more than 30-percent higher Monday after The Deal reported that final bids for the company are near $9 per share.
Del Frisco's has long been a rumor mill stock. Over the years, the restaurant group has had a number of suitors that were seen as likely bidders.
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In March, Del Frisco said it will acquire Barteca Restaurant Group for $325 million in cash, according to CNBC.
In 2016, the industry publication Nation's Restaurant News speculated that Fidelity could buy Del Frisco's.
Del Frisco's shares have fallen from about $25 in 2014 down to the $5-$6 level. The stock was up 31.16 percent at $6.23 at the time of publication Monday.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.