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Sale Of Bojangles' Approved By Stockholders

bojangles_0.jpg
Michael Rivera
/
Wikimedia Commons

The sale of Charlotte-based Bojangles' is a step closer to completion. 

The fast-food chain known for its chicken and biscuits announced yesterday stockholders approved an acquisition deal that was announced in November. Investment firms Durational Capital Management and the Jordan Company agreed to pay $16.10 per share for the chain.

Bojangles' says it expects the deal to close in the first quarter of 2019.

The chain, which was founded in Charlotte in 1977 and has about 750 locations, will continue to be operated as an independent, privately-held company and will remain based in Charlotte.