UPDATE: Avado sells 83 restaurants

MADISON Ga. Avado Brands Inc., a casual-dining operator that has been under Chapter 11 bankruptcy protection since September, said it has agreed to sell 83 of its 111 Don Pablo's Mexican Restaurants and Hops Grillhouse and Brewery restaurants.

Terms were not disclosed for any of the seven pending transactions. A court hearing to approve the deals is scheduled for Dec. 10.

Sixty-seven of the restaurants and Avado’s headquarters here would be sold to

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