“For the Bojangles’ family of employees, franchisees, and our customers, today's announcement represents an exciting next phase for this great brand. The new ownership group is committed to maintaining the qualities of this brand that have sustained it for over four decades,” Bojangles’ interim President and CEO Randy Kibler said.
Bojangles’ said they will pay shareholders $16.10 a share. The deal is expected to close in the first quarter of next year.
In the release, the company said Bojangles' will continue to be based in Charlotte, North Carolina.