VICORP operates and franchises about 374 mid-scale family-type restaurants, principally under the names Bakers Square and Village Inn, with concentrations in the RockyMountain region, upper Midwest, California, Arizona and Florida. After completion of the transaction, VICORP will continue to be headquartered in Denver and will operate as a private company – no longer trading its stock on the NASDAQ.
It is expected the current VICORP management team will remain in place and will have an opportunity to buy equity interest in the company. Michael Sweeney, managingdirector of Goldner Hawn, says this is his firm's third public-to-private deal. Sweeney is expected to serve as VICORP's chairman of the board.
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