This audio is auto-generated. Please let us know if you have feedback.
Outback Steakhouse has entered into a $26.3 million stalking horse agreement to buy 61 restaurants owned by franchisee Out West Restaurant Group/Cerca Trova Restaurant Group. The deal also includes “substantially all” of Out West’s other assets, according to a filing with the U.S. Securities and Exchange Commission.
The agreement coincided with Out West/Cerca Trova’s Chapter 11 bankruptcy filings on…