Market Overview

Red Robin Trades Higher After Acquisition Interest

Red Robin Trades Higher After Acquisition Interest

Vintage Capital Management has sent a proposal to acquire Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) outstanding common shares for $40.00 per share in cash.

The Red Robin board is reviewing and considering the proposal. Red Robin's board of directors and management team have said they;re committed to acting in the best interests of the company and all shareholders.

Evercore is serving as financial advisor to Red Robin and Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as its legal counsel.

Red Robin Gourmet Burgers shares were trading up 14.02% at $34.89 in Friday’s pre-market session. The stock has a 52-week high of $51.28 and a 52-week low of $24.57.

Related Links:

Barrick Gold Will Acquire Tanzania-Based Acacia Mining For $428M

Arthur J. Gallagher Acquires BluePeak Advisors

Photo by Cbraccialini/Wikimedia.

Posted-In: M&A News Restaurants General Best of Benzinga


Related Articles (RRGB)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Turning Point Brands To Acquire Solace Technologies In $15.25M Deal

JC Penney Falls After Report Of Debt Restructuring Initiatives