Dec 02, 11:35 AMActivist Galloway Capital (6.01% holder) on Tuesday urged Noodles & Company to sell ~200 company-owned restaurants to raise about $60M and pay down high-cost debt, per its 13D letter.
Noodles & Co. engages in the business of development and operation of fast-casual restaurants that serve noodle and pasta dishes, soups, salads, and appetizers. The firm also offers pleasant dining, pick-up, and delivery experiences by quickly preparing fresh food with friendly service. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.
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