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El Pollo Loco Faces Unsolicited Takeover
El Pollo Loco was first introduced to the United States with a small store in L.A.’s MacArthur Park by Juan Francisco Ochoa.
The chairman of the owner of Steak n Shake has made an offer to buy the fast-food chicken chain and entered into a ...
The activist investor has already bought up almost 15% of the chicken chain and is now making a play for the whole company.
Shares of fast food chain El Pollo Loco (NASDAQ:LOCO) jumped 15.3% in the morning session after Biglari Capital offered to acquire the company. Reports revealed LOCO was evaluating the proposal ...
Biglari already owns about 4.5 million shares, or about 15%, of El Pollo Loco’s stock, a regulatory filing shows.
El Pollo Loco currently counts nearly 500 restaurants in the U.S. El Pollo Loco (Nasdaq: LOCO) said it “received an unsolicited, non-binding indication of interest from Biglari Capital Corp.” on ...
Consumer research continues to validate the strength of the company’s food quality, and positive feedback suggests that its message is landing well. El Pollo Loco has taken a strategic approach ...