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Stock Market & Financial Investment News

News Breaks
December 18, 2012
07:59 EDTBBRGBravo Brio Restaurant initiated with an Overweight at Stephens
Target $18.50.
News For BBRG From The Last 14 Days
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November 12, 2014
08:11 EDTBBRGBravo Brio Restaurant commences $50M modified 'Dutch Auction' tender offer
Bravo Brio Restaurant announced the commencement today of a modified "Dutch auction" tender offer to purchase up to $50M in value of its common shares. The modified "Dutch auction" tender offer will be financed from borrowings under the company's new, five-year $100M senior secured credit facility. The tender offer is being made pursuant to the Offer to Purchase dated November 12, and the company's Schedule TO, which will be filed with the SEC and more fully sets forth the terms and conditions of the tender offer. Under the terms of the tender offer, BBRG's shareholders will have the opportunity to tender some or all of their shares at a price per share of not less than $12.50 and not greater than $14.50. Based on the number of shares tendered and the prices specified by the tendering shareholders, the company will determine the lowest per share price within the range that will enable it to purchase up to $50M in shares, or such lower amount depending on the number of shares that are properly tendered and not properly withdrawn. All shares accepted in the tender offer will be purchased at the same price, regardless of whether a shareholder tendered such shares at a lower price within the range. At the minimum price of $12.50 per share, BBRG would repurchase a maximum of 4,000,000 shares, or approximately 21.4%, of the company's outstanding common shares as of November 10, 2014.

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