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.
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Red Robin Investor Eyes Beyond Meat’s Gains, Seeks Burger Joint Buyout written by Lawrence Meyers @ https://www.ccn.com/business/red-robins-value-balloons-by-nearly-30-in-response-to-buyout-offer/2019/06/14/ June 14, 2019 Lawrence Meyers