Rare Hospitality completes Bugaboo chain spinoff

ATLANTA LongHorn Steakhouse and Capital Grille parent Rare Hospitality International Inc. has completed the previously announced sale of its Bugaboo Creek Steak House concept to Charlie Brown's Acquisition Corp., a steakhouse group owned by the private-equity firm Trimaran Capital. The sale price was approximately $24 million, slightly less than the $28 million cited when the deal was originally announced in February, primarily due to changing market conditions, the companies

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