Company decided that a sale or merger is not in its shareholders' best interest

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The finance group made the offer in advance of the chain's auction in bankruptcy court

Heartland Food Corp. CEO Christopher J. Ondrula discusses post-acquisition strategy with NRN.

Bob Evans recently announced a strategic review for Irvine, Calif.-based Mimi’s Café

SSCP Management division acquires locations in Northern California

Deal gives company its eighth brand

Private-equity group Oak Hill Capital partners with company management on buyout