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Fast Food Chain Bojangles is taken privately for almost $ 594 million



The fast food chain Bojangles said Tuesday that it would be taken privately by investment companies Durational Capital Management LP and Jordan Co for $ 593.7 million.

Bojangle shareholders will receive $ 16.10 in cash for each stock they have, representing a 15 percent premium at the stock price in September, before Reuters reported that the company explored alternatives, including a sale.

Based on Monday's closing price, the share purchase price represents a premium of 0.6 percent.


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