M&A: Page 12

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    Sonic Corp.
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    Sonic president will lead the chain after Inspire deal closes

    Claudia San Pedro, a 12-year-veteran of the drive-in restaurant company, will join Inspire Brands' executive team when longtime Sonic CEO Cliff Hudson retires at the end of the year.

    By Kristine Sherred • Nov. 8, 2018
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    Ganley Images
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    Papa Gino's parent company files for bankruptcy

    PGHC, which owns the New England favorite as well as D'Angelo Grilled Sandwiches, abruptly closed 95 stores and laid off 1,100 employees.

    By Kristine Sherred • Nov. 6, 2018
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    Violeta Stoimenova via Getty Images
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    Trendline

    Restaurant Financing

    With ongoing macroeconomic pressures facing restaurants, operators are entering into alternative financing, mergers and acquisitions and even bankruptcy to sustain their businesses. 

    By Restaurant Dive staff
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    https://flic.kr/p/4vdM1c
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    Chicken chain Bojangles' to go private for $594M

    The move could give the Charlotte-based company the leverage it needs to better compete with rivals like Chick-fil-A, KFC and Popeyes, and develop long-term growth initiatives.

    By • Nov. 6, 2018
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    Papa John's via YouTube
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    Private equity suitors reportedly wooing Papa John's

    Anonymous sources told Reuters that binding offers for the world's third-largest pizza chain are expected in the next few weeks. 

    By Alicia Kelso • Nov. 1, 2018
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    Cinnabon® Gets Cool for the Summer with NEW Line of Signature Chillattas®
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    Parent company of Cinnabon, Jamba Juice considers IPO

    Fresh off its Jamba Juice acquisition news, Roark Capital is considering a $1 billion valuation next year for its quick-service restaurant portfolio Focus Brands, which will soon operate 6,000 locations around the world.

    By Kristine Sherred • Oct. 30, 2018
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    Nick Youngson CC BY-SA 3.0 Alpha Stock Images
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    Big M&A deals dominate in 'otherwise underwhelming quarter,' report says

    CPG companies continue to aggressively pursue major deals this quarter, like Coca-Cola's acquisition of Costa Coffee and Nestlé's purchase of Starbucks products.

    By Lillianna Byington • Oct. 26, 2018
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    Flickr, Mike Mozart
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    Bloomin' Brands comes under activist investor pressure

    Barington Capital Group is calling for the company to shed its smaller restaurant companies so that Outback Steakhouse can operate independently. 

    By Alicia Kelso • Oct. 23, 2018
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    Wikimedia Commons
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    Zöe's Kitchen slapped with class-action suit ahead of Cava merger

    The lawsuit claims the chain provided "incomplete and misleading" information regarding the deal, which will create the largest restaurant company in the Mediterranean category.   

    By Alicia Kelso • Oct. 8, 2018