BBQ Holdings Inc., the parent company of the Bakers Square and Wisconsin-born Famous Dave's 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.
"Over the past four years we have significantly grown revenue and our restaurant portfolio…
