Back Yard Burgers, Inc. (NASDAQ:BYBI) announced today the completion of the previously announced merger of Back Yard Burgers with BBAC Merger Sub, Inc., a wholly-owned subsidiary of BBAC, LLC.
Back Yard Burgers, Inc. (NASDAQ:BYBI) announced that its stockholders, at a special meeting held Friday, voted to adopt the previously announced merger agreement providing for the acquisition of Back Yard Burgers by BBAC, LLC in a transaction valued at approximately $38 million, including debt to be repaid by BBAC.
Restaurant chain Back Yard Burgers and suitor BBAC LLC have entered into a confidentially agreement as part of an on-going attempt by BBAC's investors to acquire the company.
The Board of Directors of Back Yard Burgers, Inc. (NASDAQ:BYBI) today announced the appointment of Dane C. Andreeff and Gina A. Balducci as members of the Board of Directors, effective April 4, 2006.
The Board of Directors of Back Yard Burgers, Inc. (Nasdaq: BYBI) today announced plans to separate the Chairman and Chief Executive Officer positions of the Company.