Rubio's to be sold to Mill Road for $91M

Rubio's Restaurants Inc., the parent company of the 195-unit fast-casual Rubio's Fresh Mexican Grill chain, has agreed to a buyout offer from private-equity firm Mill Road Capital LP valued at $91 million, or $8.70 per share.

Carlsbad, Calif.-based said Monday that its board had unanimously approved the proposed merger, which is expected to close during the third quarter, pending shareholder approval.Rubio's Restaurants Inc., the parent company of the 195-unit fast-casual Rubio's

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