Pollo Tropical restaurant chain to be sold in $225M deal – WSJ (NASDAQ:FRGI)

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Authentic Restaurant Brands plans to buy Pollo Tropical restaurant parent Fiesta Restaurant Group (NASDAQ:FRGI) for $225M in a deal that could be announced as soon as Monday, The Wall Street Journal reported.

The deal reportedly is worth $8.50/share, representing an ~8% premium to Fiesta Restaurant’s (FRGI

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