Diversified Restaurant Holdings (SAUC) Reports In-Line Q2 EPS
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Diversified Restaurant Holdings (SAUC) to Spin Bagger Dave’s Restaurants
August 4, 2016 4:18 PM EDTDiversified Restaurant Holdings, Inc. (Nasdaq: SAUC) announced its intention to split into two separate, publicly-traded companies through the tax-free spinoff of its Bagger Daves business to DRH stockholders. The Company previously announced on May 24, 2016 that it was evaluating strategic alternatives for its Bagger Daves restaurants and brand.
Michael Ansley, Chairman, President and CEO, commented, "Following a comprehensive analysis of various strategic alternatives for Bagger Daves, the Board and management team concluded that the separation of our BWW and Bagger Daves businesses is the best alternative for the Company and our shareholders.... More
Diversified Restaurant Holdings (SAUC) halted with news pending
August 4, 2016 4:14 PM EDTDiversified Restaurant Holdings (NASDAQ: SAUC) halted with news pending.
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