Pappas Dining Empire Makes Bankruptcy Bid for On The Border [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance
Most Read from Bloomberg Why Did the Government Declare War on My Adorable Tiny Truck? How SUVs Are Making Traffic Worse Trump Slashed International Aid. Geneva Is Feeling the Impact. These US Bridges Face High Risk of Catastrophic Ship Strikes Affordable Housing Developers Stalled by Blocked Federal Funds The Texas-based parent of brands like Pappas Bros. Steakhouse, Pappas Bar-B-Q and Pappadeaux Seafood Kitchen has made a bid to take over On The Border as part of a sale in bankruptcy court, said the people, who asked not to be named discussing private bidding information. A unit affiliated with Pappas Restaurants is listed in court documents as a lender of recent bridge and other financing to the bankrupt company. The filings indicated that lender would likely become a stalking-horse bidder, making it the de facto buyer if no more competitive offers emerge. Representatives for On The Border and Pappas Restaurants did not respond to requests for comment. The Pappas
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