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The last sentence explains it all . Another victim of private equity vulture investors that suck a company dry of assets until it collapses
Ditto
Private equity bought it from a bankruptcy sale. That seems to indicate it collapsed prior to their purchase…
I agree with Charles B. If a Private Equity – somehow – could buy McDonald’s, they’d be out of business in five years. Look at what happened to Steak & Shake. Used to be a “Go2”, now it’s a NoMore.