Rubio's Restaurants, Inc. Confirms Receipt of Unsolicited Letter of Interest
2008-10-20
Rubio's(R) Restaurants, Inc. (NASDAQ:RUBO) announced that it has received an unsolicited letter, dated October 15, 2008, from Kelly Capital expressing an interest in acquiring all of the outstanding common stock of the Company for $5.00 per share.
The offer was expressly subject to Kelly Capital obtaining financing for the transaction. The Company has provided the letter to its Board of Directors, and the Board intends to consider the letter consistent with its fiduciary duties.
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