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Back Yard Burgers expects to close merger
October 30, 2007
MEMPHIS, Tenn. — Back Yard Burgers Inc. has announced that it expects the merger transaction with BBAC LLC and BBAC Merger Sub Inc. to close Nov. 5, 2007, subject to completion by BBAC of its financing arrangements with its lenders.
The company also announced that it has entered into an agreement with BBAC and BBAC Merger Sub to extend the date on which either party could terminate the existing merger agreement, if the merger has not then been completed, from Oct. 31 to Nov. 5.
Back Yard Burgers operates and franchises quick-service restaurants in 20 states, primarily in markets throughout the Southeast.
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