Del Frisco's Heats Up On Chatter Of $9-Per-Share Buyout

The American steakhouse chain Del Frisco's Restaurant Group Inc 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.

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. 

Related Links: 

Burger King Slump Leads Longbow To Downgrade Restaurant Brands

Where's The Beef? Street Weighs In On Wendy's Stock

Posted In: NewsRestaurantsM&AGeneralThe Deal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...