1. With an Activist Hovering, Embattled Ruby Tuesday Sells to NRD for $335 Million

    With an Activist Hovering, Embattled Ruby Tuesday Sells to NRD for $335 Million

    Under pressure from Engaged Capital's Glenn Welling, Ruby Tuesday Inc. (RT) on Monday agreed to sell itself to private equity firm NRD Capital for about $335 million. Under the terms of the deal, NRD agreed to buy Ruby Tuesday's stock for $2.40 a share in cash or $335 million, excluding transaction expenses. The purchase price is about 37% over Ruby Tuesday's closing price on March 13, the day before the restaurant chain announced it was evaluating strategic alternatives...

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    1. It's possible that NRD turns around and seeks to sell a lot of their company-owned locations.
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