Max & Erma's shareholders approve buyout

COLUMBUS Ohio Shareholders of Max & Erma’s Restaurants have approved a $10.2 million acquisition deal that takes the casual-dining company private, a spokesman for the company said Tuesday.

G&R Acquisition Inc., led by Pittsburgh restaurateur Gary Reinert Sr., will buy all of Max & Erma's 2.6 million outstanding shares for $10.2 million, or about $4 a share. The cash infusion will allow the 106-unit chain, founded in 1972, to complete its remodeling program

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