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Wow $LOCO with interest from a credible buyer just gave back the whole move overnight. I hope Biglari takes that as an insult and pays a 50% premium out of spite.
I think the Biglari-El Pollo Loco situation will be interesting to watch. Big has largely played nice so far. But for how long? The timing is also fascinating. Maybe $LOCO could find a buyer. But in this market? https://t.co/5XIthbtkx8 https://t.co/PmZWc3skAv
San Antonio investor Sardar Biglari eyes buying El Pollo Loco chain https://t.co/dP7ahwD4N4
Sardar Biglari, the San Antonio investor and owner of Biglari Capital, has expressed interest in acquiring El Pollo Loco, a fast-casual restaurant chain. Biglari Capital currently holds approximately 15% of the chain's shares and has made an unsolicited offer to buy the company outright. The move has garnered attention as it contrasts with other acquisition strategies that typically involve seeking board seats rather than direct financial offers. Analysts are observing the situation closely, noting that the timing of the offer raises questions about El Pollo Loco's market position and potential for future buyers. The stock symbol for El Pollo Loco is $LOCO, and the interest from Biglari has led to fluctuations in the stock's performance.
