Red Robin buys 17 franchised units for $47.5M

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GREENWOOD VILLAGE Colo. Red Robin Gourmet Burgers, Inc., the 349-unit casual dining chain based here, has agreed to buy 17 franchised restaurants in California for approximately $47.5 million.

The restaurants, which generated $56.3 million in revenue in 2006, are owned by Top Robin Ventures Inc. of Fresno and Morite of California.

In a signed letter of intent to buy the franchisees

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