Under the terms of the merger agreement, BBRG's shareholders will receive USD 4.05 per share in cash.
BBRG will report annual sales in excess of USD 400m for the year ended December 31, 2017, and owns and operates 110 locations in 32 states across the country.
has positioned its brands as multifaceted culinary destinations that deliver the ambiance, design elements and food quality reminiscent of fine dining restaurants at a value typically offered by casual dining establishments, a combination known as the upscale affordable dining segment.
restaurant to open in 2011 and the eighth restaurant for BBRG
this year, which owns and operates 93 restaurants.
BRIO Tuscan Grille, a concept of BRAVO | BRIO Restaurant Group (Nasdaq : BBRG), has opened its second Las Vegas Location at Tivoli Village, the company announced on Wednesday.
This is reportedly the first BRIO Tuscan Grille to open in 2011 and the second restaurant for BBRG this year, an owner and operator of 88 restaurants.