BBQ To Acquire Village Inn And Bakers Square For Undisclosed Sum

BBQ Holdings Inc BBQ has agreed to buy Village Inn, a family restaurant concept with 21 company-owned restaurants and 114 franchised restaurants, and Bakers square, a pie and comfort food concept currently with 13 company-owned restaurants.
The terms of the deal were not disclosed.
The transaction is expected to close by the end of July.
"We believe the Village Inn and Bakers Square concepts are a great complement to our growing portfolio of restaurants," said Jeff Crivello, Chief Executive Officer, BBQ.
BBQ has cash and equivalents of $21.2 million as of March 31, 2021.
Price action: BBQ shares are trading higher by 5.92% at $17.17 on the last check Friday.

Posted In:

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.