Bojangles stockholders approve company being acquired
Bojangles announced that at a special meeting of stockholders, the company's stockholders voted to adopt the merger agreement pursuant to which the company would be acquired by Durational Capital Management and The Jordan Company, in an all-cash transaction, which was first announced on November 6, 2018. Under the terms of the merger agreement, Bojangles' stockholders will be entitled to receive $16.10 per share in cash upon completion of the merger, which remains subject to the satisfaction of customary closing conditions. The transaction is expected to close in Q1. Upon closing of the transaction, Bojangles' common stock will cease trading on the NASDAQ Global Select Market, and Bojangles' will continue to be operated as an independent, privately-held company and will remain based in Charlotte, N.C.