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Ruby Tuesday to explore strategic alternatives, including sale
March 13, 2017 / 8:34 PM / in 7 months

Ruby Tuesday to explore strategic alternatives, including sale

(Reuters) - Restaurant operator Ruby Tuesday Inc (RT.N) said on Monday it would explore strategic alternatives, including a potential sale or merger sending its shares up after the bell.

The company’s shares rose about 14 percent to $1.99 in extended trading.

The company, which also expects third-quarter comparable sales to decline 4 percent, retained UBS as its financial adviser to assist in the process.

Reporting by Gayathree Ganesan in Bengaluru; Editing by Shounak Dasgupta

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