Rubio’s rejects $80M buyout offer

CARLSBAD Calif. The parent to the 195-unit Rubio’s Fresh Mexican Grill chain has rejected the unsolicited $80 million buyout proposal that came earlier this month from an investor group.

The board of directors of Rubio’s Restaurants Inc. voted unanimously to turn down the $8-per-share buyout offer from a group including Alex Meruelo, a developer and Rubio’s investor, and Levine Leichtman Capital Partners IV LP, a pri

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