Bravo Brio Restaurant: Bravo Brio Restaurant Group Shareholders Approve Merger with Spice Private Equity, an affiliate of GP Investments

COLUMBUS, Ohio, May 22, 2018 (GLOBE NEWSWIRE) -- Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) ("BBRG" or the "Company"), owner and operator of the BRAVO! Cucina Italiana and BRIO Tuscan Grille restaurant concepts, announced that at a Special Meeting of Shareholders held earlier today, the Company's shareholders overwhelmingly approved the merger agreement pursuant to which a subsidiary of Spice Private Equity Ltd. ("Spice"), a Swiss investment company focused on private equity investments that is controlled by GP Investments, Ltd. ("GP"), a leading private equity and alternative investment firm, will acquire the Company.Under the terms of the merger agreement dated March 7, 2018, BBRG's shareholders will receive $4.05 per share in cash, without interest and less any applicable withholding taxes, representing an enterprise value of approximately $100 million.The transaction is expected to close on May 24, 2018, at which time BBRG's common shares will cease trading on the NASDAQ.About Bravo Brio Restaurant Group, Inc.Full story available on Benzinga.com