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Exterior of Ruby Tuesday Ruby Tuesday operates 599 locations in the US and 14 foreign countries.

MARYVILLE, TN—Casual dining chain Ruby Tuesday, hit by four consecutive years of declining sales, said Monday it would be taken private by NRD Capital for $335 million, including the assumption of debt. The deal for $2.40 per common share represents a 21% premium on Ruby Tuesday’s closing price this past Friday and a 37% premium over its closing price on March 13, the day before the company said it would explore strategic alternatives. At its peak in 2004, the chain’s stock traded at about $33 per share.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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