GEN Restaurant Group board approves binding LOI for $100 million restaurant transaction
The board approved a binding letter of intent with Chubby Group for a $100 million restaurant transaction.
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12:36:56 PM UTC
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Binding LOI approved by unanimous consent of GEN's Board of Directors; 47-restaurant transition would reduce restaurant lease obligations, with closing targeted within the next 30 daysCERRITOS, CA / / October 14, 2026 / GEN Restaurant Group, Inc. ("GEN" or the "Company") NASDAQ:GENK…