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Focus completes Moe's Southwest Grill deal

ATLANTA Multiconcept franchisor Focus Brands Inc. said it has completed its purchase of franchising rights to Moe's Southwest Grill and other assets of the fast-casual chain from Raving Brands.

Terms of the deal were not disclosed. After the sales agreement was announced in April, a source close to the bidding said Focus would pay $120 million to $140 million, or 10 times Moe's earnings before interest, taxes, depreciation and amortization. The source provided

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