On July 28, 2016, the Board of Directors a
On July 28, 2016, the Board of Directors approved the tax-free spinoff of AMC Burgers, which includes all 19 of the Bagger Dave's entities. The company will be
formed as an independent, publicly-traded company on the over the counter market. DRH will continue to own and operate its 64 franchised BWW restaurants.
DRH is currently developing a comprehensive separation plan for the spinoff. The separation plan, including transaction structure, timing, composition of senior
management and the Boards of Directors, capital structure and other matters, will be subject to approval by the DRH Board of Directors, customary regulatory and
other approvals. The Company expects to complete the spinoff in the fourth quarter of 2016.
Diversified Restaurant Holdings, Inc. (SAUC) Stock Research Links
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