Einstein Noah completes strategic review, recapitalizes existing debt

Einstein Noah completes strategic review, recapitalizes existing debt

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

Einstein Noah Restaurant Group Inc. said Thursday it has recapitalized its existing loan and declared a one-time shareholder dividend of $4 per share, bringing to a close a review of strategic alternatives that had included a possible sale or merger.

The Lakewood, Colo.-based parent to the Einstein Bros Bagels, Noah’s New York Bagels and Manhattan Bagels brands announced in May that it had hired Piper Jaffray as financial advisor to explore various options to maximize valu

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish