Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

The Associated Press May 10, 2010, 10:40AM ET

Mill Road to buy Rubio's for about $91 million

Private investment firm Mill Road Capital LP said Monday that it will buy the owner of Fresh Mexican Grill, Rubio's Restaurants Inc., for about $91 million.

The deal prices Rubio's outstanding stock at $8.70 per share, which is a 14 percent premium to the company's Friday closing stock price of $7.66. Mill Road currently owns about 5 percent of the restaurant operator's shares.

The board unanimously approved the acquisition, which is expected to close in the third quarter.

Rubio's said in October that it was looking into its strategic options, including a potential sale of the company.

Shares of Rubio's Restaurants rose 84 cents, or 11 percent, to $8.50 and reached a 52-week high of $8.60 in earlier trading Monday.

BW Mall - Sponsored Links

Buy a link now!