Mill Road offers $27.9 million for Kona Grill

SCOTTSDALE Ariz. Following the resignation of the chief executive from Kona Grill Inc. last week, Mill Road Capital L.P. of Greenwich, Conn., Monday again offered to buy the company in a deal valued at $27.9 million.

Saying the 22-unit American grill and sushi bar chain was “at a crossroads,” Mill Road on Monday offered $4.60 a share, nearly double the May 15 closing price of $2.29, to take Kona Grill private.

It is the second time

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