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Rubio's Rebuffs Buyout Offer

(October 2008) posted on Tue Oct 28, 2008 EDT


Rubio's Restaurants Inc. has rejected a proposed $49.75 million buyout offer from investor Kelly Capital Investments LLC, saying the bid "significantly undervalues the company's core business and operating plan." San Diego-based Kelly offered $5 a share for all the outstanding stock of Rubio's, which owns or franchises more than 180 Mexican-themed restaurants.


Terms:

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