https://www.axios.com/ruby-tuesday-sells-for-146-million-will-turn-private-1513306223-98ab4f2a-7a88-4f0e-8301-85423a0b0bfe.html
Erica Pandey Oct 16
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Ruby Tuesday sells for $146 million, will turn private
NRD Capital is buying the 600-restaurant chain Ruby Tuesday for $146 million, AP reports. Ruby Tuesday's shares jumped nearly 20% from $1.99 to $2.37 on the news.
The big picture: Ruby Tuesday, a sit-down establishment, has been losing business to cheaper, fast-casual joints, and has not reported a quarterly profit in two years. NRD will take the company private.