* Says gets offer to buy the co at $8/shr
* Shares jump 29 pct in after-market trade
Oct 14 (Reuters) - Rubio's Restaurants Inc said it received an unsolicited offer from an investor group to buy the company for about $80 million.
The company said the group consisting of Alex Meruelo and his affiliates and Levine Leichtman Capital Partners IV LP offered $8 per share, a premium of 33 percent over the stock's Wednesday close.
Shares of the Mexican restaurant chain, which operates more than 190 fast-casual restaurants mostly in southern California, jumped 29 percent to $7.75 in trading after the bell. They closed at $6 Wednesday on Nasdaq.
The board intends to consider the offer, Rubio's said in a statement.
Rubio's has 10.04 million shares outstanding as of July 30, according to Thomson Reuters Data.
(Reporting by Renju Jose; Editing by Pradeep Kurup) Keywords: RUBIOSRESTAURANTS/ (renju.jose@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 080 4135 5800; Reuters messaging: renju.jose.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Shares jump 29 pct in after-market trade
Oct 14 (Reuters) - Rubio's Restaurants Inc said it received an unsolicited offer from an investor group to buy the company for about $80 million.
The company said the group consisting of Alex Meruelo and his affiliates and Levine Leichtman Capital Partners IV LP offered $8 per share, a premium of 33 percent over the stock's Wednesday close.
Shares of the Mexican restaurant chain, which operates more than 190 fast-casual restaurants mostly in southern California, jumped 29 percent to $7.75 in trading after the bell. They closed at $6 Wednesday on Nasdaq.
The board intends to consider the offer, Rubio's said in a statement.
Rubio's has 10.04 million shares outstanding as of July 30, according to Thomson Reuters Data.
(Reporting by Renju Jose; Editing by Pradeep Kurup) Keywords: RUBIOSRESTAURANTS/ (renju.jose@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 080 4135 5800; Reuters messaging: renju.jose.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.