Lynn’s group completes Back Yard buyout

MEMPHIS Tenn. The investment group led by industry veteran Steve Lynn has completed its $38-million acquisition of Back Yard Burgers, Inc., operator or franchisor of the namesake regional quick-service chain.

The merger of the company into BBAC Merger Sub, Inc., a wholly-owned subsidiary of BBAC, LLC, completed the $6.50-per-share buyout that was announced in June, after nearly a year of behind-the-scenes negotiations.

The deal had been delayed by a lawsuit

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