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Red Robin Responds To Activist Investor Vintage Capital
Friday, February 28, 2020 - 11:28am | 476Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) issued a response Thursday to activist investor and large shareholder Vintage Capital. Vintage Capital's Acquisition Proposal Vintage Capital owns more than 11.5% of Red Robin and offered to acquire the hamburger chain in June 2019 for $40 per...
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Vintage Capital Says Red Robin Board's Should Conduct Review Of Strategic Alternatives
Thursday, June 13, 2019 - 9:24am | 215Activist investor Vintage Capital is making some demands of Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB), saying, “the board should immediately commence a comprehensive review of strategic alternatives.” Red Robin’s stock is down 51% over the past year amid mounting sales...
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Rent-A-Center Board Approves Sale To Vintage Capital
Monday, June 18, 2018 - 8:41am | 298Rent-A-Center Inc (NASDAQ: RCII) shares were halted in pre-market trading Monday on news that the board unanimously approved a sale to Vintage Capital for about $1.365 billion including debt. Why It’s Important Rent-A-Center stockholders would receive about $15 in cash per share at the end of...
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Market Wrap For February 7: Jobs Report Not Great, But Not Too Bad
Friday, February 7, 2014 - 5:36pm | 3052U.S. stocks rallied for the second straight day, ending a tumultuous week on a positive note as investors found more positives than negatives in today's job reports. "It was bad, but not that bad," an investment officer at Wells Fargo told CNBC. "We've made some progress here, we still think we...