Buffets Inc. may seek a buyer

Move comes two years after company emerged from Ch. 11

Buffets Inc., the parent of the HomeTown Buffet, Old Country Buffet, Ryan’s and Fire Mountain brands, said Friday it was exploring strategic alternatives, including a possible sale.

The Eagan, Minn.-based company said it has retained Moelis & Company as its advisory firm to conduct a review of the alternatives.

In a statement Friday, Buffets noted that it “maintains a positive outlook for its performance as a stand-alone entity.”

The move by Buffets,

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