Famous Dave's of America, Inc. Reports Approval of Holding Company Reorganization
September 06 2019 - 4:01PM
The Board of Directors of Famous Dave's of America, Inc. (NASDAQ:
DAVE), approved a holding company reorganization whereby Famous
Dave’s of America, Inc. will become a wholly owned subsidiary of a
new public holding company, BBQ Holdings, Inc., a Minnesota
corporation (NASDAQ: BBQ). Upon consummation of the
reorganization, each issued and outstanding common share of DAVE
will be converted into one common share of BBQ, par value $0.01 per
share. The reorganization is not subject to approval by the
stockholders of Famous Dave’s of America, Inc., and will not
involve any financing condition. This reorganization allows
for flexibility in the growth the company. The effective date
for the holding company reorganization will be September 17, 2019.
Contact: |
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Jeff Crivello – Chief Executive Officer 952-294-1300 |
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