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7 months ago
BRIEF-Cerberus Capital Management and partners to acquire Garden Fresh Restaurants
January 10, 2017 / 2:16 AM / 7 months ago

BRIEF-Cerberus Capital Management and partners to acquire Garden Fresh Restaurants

Jan 9 (Reuters) - Garden Fresh :

* Cerberus Capital Management and partners to acquire Garden Fresh Restaurants

* Garden Fresh - Expects to emerge from its Chapter 11 restructuring process later this month

* Garden Fresh Restaurant Corp - It will sell company's assets to affiliates of Cerberus Capital Management, L.P. And its partners

* Garden Fresh - It would emerge from financial restructuring with between 90 and 104 restaurants,stronger capital structure and significantly less debt

* Garden Fresh - Acquisition will be completed during late January and no significant changes to its day-to-day operations are anticipated Source text for Eikon: Further company coverage:

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