Ruby Tuesday, Inc.

Equity firm NRD Capital will buy all Ruby Tuesday common stock for $2.40 per share in cash, and will take on debt obligations, making the total deal worth $335 million, less transaction expense, according to a news release. Ruby Tuesday, based in Maryville Tennessee, has struggled for some time, announcing in August that its revenue declined nearly 13 percent during the previous fiscal year. That included the effects of closing 103 restaurants. In March 2017, the company agreed to consider sale or merger. As of Sept. 5 2017 there were 599 Ruby Tuesdays, a half-dozen fewer than three months earlier. Of those restaurants, 541 are company-owned and 58 are franchises, according to the news release.