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DFRG - Del Frisco's Restaurant Group: Looking Like A Buyout
Del Frisco's Restaurant Group Inc.
I believe a buyout of DFRG (DFRG) could be announced any day and thus I will expedite this review of why shares were trading so low and why a buyout is extremely likely. Today's rumors are worth reading here and here to gain a quick understanding of what is moving the stock so aggressively.
DFRG shares traded hands for almost $16 per share in early 2018 prior to announcing a major acquisition. DFRG announced the company was acquiring Barteca restaurant group for $325M. With ~20M shares outstanding that time DFRG had an EV