Fish Tacos Rock: Rubio's gets a bid
Rubio's (RUBO) received a buyout offer of $8 per share.
The company turned down a $5 a share bid about a year ago.
There's a good chance this one will go through since Alex Meruelo, the guy leading the current offer, is the biggest shareholder with over 10% of the stock. About 40% of the stock is held by either Mr. Meruelo, Institutions or Mutual Funds, so unless some of the funds and institutions want to hold out for better price, it's hard to imagine this not happening.
Disclosure: Long RUBO