Red Robin Investor Eyes Beyond Meat’s Gains, Seeks Burger Joint Buyout

Red Robin Investor Eyes Beyond Meat’s Gains, Seeks Burger Joint Buyout


By CCN Markets: For all the hype over Beyond Meat’s IPO and insane rising stock price, Red Robin, a good old-fashioned burger chain, soared roughly 30% on Thursday. One of its institutional investors would like to see the company sell itself. Buyout Offer Red Robin Gourmet Burgers received a letter from Vintage Capital demanding that the company consider selling itself to the private equity firm. Vintage Capital owns about 11% of Red Robin and thus carries considerable weight. Considering Vintage Capital appears to offer $40 per share for Red Robin, shareholders may be hard-pressed to turn down that buyout offer.

The post Red Robin Investor Eyes Beyond Meat’s Gains, Seeks Burger Joint Buyout appeared first on CCN Markets

Posted by Lawrence Meyers on June 14, 2019 @ https://www.ccn.com/business/red-robins-value-balloons-by-nearly-30-in-response-to-buyout-offer/2019/06/14/

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