Grill Concepts details plan to go private

WOODLAND HILLS Calif. Daily Grill parent Grill Concepts Inc. said Tuesday it planned to take the company private by buying out smaller shareholders to reduce the number of stakeholders and then delisting its stock from the Nasdaq exchange.

The moves, already backed by the company’s board of directors but still pending shareholder approval, would save the company about $750,000 annually through the elimination of public-company reporting mandates. The shift to

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