Bloomin’ Brands Bids $26.3 Million for 61 Outback Restaurants
Bloomin’ Brands agreed to serve as stalking-horse bidder for substantially all assets of Out West, which operates 61 Outback Steakhouse restaurants. The stated price is $26.3 million, subject to adjustments and assumed liabilities.
Bloomin' Brands agreed to serve as stalking-horse bidder for substantially all assets of Out West, which operates 61 Outback Steakhouse restaurants, at a stated price of $26.3 million, subject to adjustments and assumed liabilities. The company also agreed to provide up to $5.5 million in interest…