Brinker announced back in August that the 217-store Macaroni Grill chain was for sale. It appears to be a hard sale, if what insiders are saying is true. Word on the street is that the asking price has dropped to just six times the earnings. Insiders say it should be closer to 10.
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the current issue of Nation’s Restaurant News has this as a cover story. No link as it is a pay site. The M&A glut in the restaurant biz is slowing due to tighter constrictions on the private equity groups that had been doing a lot of the buying for the last couple of years.