Red Robin trims expenses, offers stock option buyout

GREENWOOD VILLAGE Colo. Red Robin Gourmet Burgers Inc., facing the daunting pressures within the casual-dining segment, said Wednesday it would streamline expenses by cutting expansion plans, freezing corporate bonuses and giving franchisees a break on royalty payments.

The company also said it began on Wednesday a cash tender offer for employee stock options.

To reduce capital outlays, the casual-dining company said it plans to open between

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