Buffalo Wild Wings, Inc. Announces Intent to Purchase Eight Restaurant Locations from Avado Brands, Inc.MINNEAPOLIS -- Buffalo Wild Wings Buffalo Wild Wings Grill & Bar (also commonly referred to as B-Dubs) is a sports bar and restaurant franchise in the United States that is best-known for its buffalo wings. , Inc. (Nasdaq:BWLD), today announced that it has reached an agreement to acquire certain leases and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. of up to eight "Don Pablo's Don Pablo’s was founded in Lubbock, Texas, in 1985. The company has 91 restaurants in 18 states. The menu features Tex-Mex items, made-from-scratch salsa, tortillas and sauces and a range of other Mexican specialties. Mexican Restaurant" locations from Avado Brands, Inc. and its related companies. Buffalo Wild Wings, Inc. agreed to pay, in the aggregate, approximately $1,200,000 in cash for the lease rights and other assets. The eight Don Pablo's Mexican Restaurants are located in metropolitan areas of Illinois, Minnesota, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Ohio, Texas, and Virginia. The locations range in size from 6,500-9,800 square feet. Buffalo Wild Wings, Inc. anticipates the locations will be renovated and reopened as Buffalo Wild Wings Grill and Bar restaurants, and three of the restaurants will be relocations of existing Buffalo Wild Wings restaurants. The Avado Brands, Inc. entities have filed a Chapter 11 bankruptcy petition in Delaware and the purchase and sale of these assets will be subject to both bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. approval and satisfactory completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. before January 31, 2008. It is anticipated that the transaction would close sometime in the first quarter of 2008. About the Company Buffalo Wild Wings, Inc., founded in 1982 and headquartered in Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation). Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S. , is a growing owner, operator and franchisor of restaurants featuring a variety of boldly-flavored, made-to-order menu items including Buffalo-style chicken wings Chicken Wings can refer to:
Forward-looking Statements Certain statements in this release that are not historical facts, including, without limitation, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc our anticipated restaurant location acquisitions from the Avado Brands, Inc. entities, are forward-looking statements that involve risks and uncertainties. Such statements are based upon the current beliefs and expectations of our management. Actual results may vary materially from those contained in forward-looking statements based on a number of factors including, without limitation, the timing of obtaining the requisite regulatory and court approvals and completing other contingencies necessary to enter into and consummate the anticipated restaurant location acquisitions from Avado Brands, Inc. entities, the outcome and impact of the anticipated restaurant location acquisitions from the Avado Brands, Inc. entities, and other factors disclosed from time to time in our filings with the U.S. Securities and Exchange Commission. Investors should consider such risks when making investment decisions. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update any forward-looking statements. |
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