BBQ Holdings Inc. (NASDAQ: BBQ), the parent company of Famous Dave's and Bakers Square restaurant chains, has agreed to be bought by a Canadian franchisor in a deal worth $200 million.
Under the deal, Montreal-based MTY Food Group Inc. will pay $17.25 per share for BBQ Holdings, a 47% premium over the stock's closing price on Monday. BBQ Holdings shares are sharply up, at $16.66 in premarket trading.
“We are thrilled to partner with MTY and its talented team of restaurant operators," BBQ Holdings…
