Back Yard Burgers Announces Special Stockholder Meeting for August 3, 2007, in Memphis, Tennessee
02 Luglio 2007 - 2:00PM
Business Wire
Back Yard Burgers, Inc. (NASDAQ: BYBI) announced today that it has
established a record date and special meeting date for its
stockholders to consider and vote on a proposal to adopt the
previously announced merger agreement providing for the acquisition
of Back Yard Burgers by BBAC, LLC, and, if necessary, to adjourn
the meeting until a later date or dates to permit further
solicitation and vote of proxies. Back Yard Burgers� stockholders
of record at the close of business on Friday, July 6, 2007, will be
entitled to notice of the special meeting and to vote on the
proposal. The special stockholder meeting will be held on Friday,
August 3, 2007, in Memphis, Tennessee. The exact time and place of
the special meeting will be set forth in Back Yard Burgers� proxy
statement which is expected to be mailed the week of July 9, 2007.
About Back Yard Burgers Back Yard Burgers operates and franchises
quick-service restaurants in 20 states, primarily in markets
throughout the Southeast region of the United States. The
restaurants specialize in charbroiled, freshly prepared,
great-tasting food. As its name implies, Back Yard Burgers strives
to offer the same high-quality ingredients and special care
typified by outdoor grilling in the backyard. Its menu features
made-to-order gourmet Black Angus hamburgers and chicken sandwiches
- charbroiled over an open flame, fresh salads, chili and other
specialty items, including hand-dipped milkshakes, fresh-made
lemonade and fresh-baked cobblers. About the Transaction This press
release is not a proxy statement or a solicitation of proxies from
the holders of Back Yard Burgers� common stock or preferred stock.
In connection with the proposed merger, Back Yard Burgers will file
a proxy statement with the Securities and Exchange Commission.
INVESTORS AND SECURITY HOLDERS ARE STRONGLY ADVISED TO READ THE
PROXY STATEMENT WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN
IMPORTANT INFORMATION. Investors and security holders may obtain a
free copy of the proxy statement (when available) and other
documents filed by Back Yard Burgers, Inc. at the Securities and
Exchange Commission�s Web site at http://www.sec.gov. The proxy
statement and such other documents may also be obtained for free by
directing such request to Back Yard Burgers, Inc., Investor
Relations, 1657 N. Shelby Oaks Drive, Memphis, Tennessee 38134,
telephone: (901) 367-0888 or on the investor relations page of Back
Yard Burgers� website at http://www.backyardburgers.com. Back Yard
Burgers and its directors, executive officers and certain other
members of its management and employees may be deemed to be
participants in the solicitation of proxies from its stockholders
in connection with the proposed merger. Information regarding the
interests of Back Yard Burgers� participants in the solicitation
will be included in the proxy statement relating to the proposed
merger when it becomes available. Forward-looking Statements
Certain statements contained in this press release are
�forward-looking statements� within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Back Yard Burgers
intends these forward-looking statements to be covered by the safe
harbor provisions established by the Private Securities Litigation
Reform Act of 1995. This press release contains forward-looking
statements within the meaning of the Securities Exchange Act of
1934, as amended. These forward-looking statements include
statements regarding expectations as to the completion of the
merger and the other transactions contemplated by the merger
agreement. Investors are cautioned that forward-looking statements
are not guarantees of future performance or results and involve
risks and uncertainties that cannot be predicted or quantified and,
consequently, the actual performance of Back Yard Burgers may
differ materially from those expressed or implied by such
forward-looking statements. Such risks and uncertainties include,
but are not limited to, the following factors, as well as other
factors described from time to time in our reports filed with the
Securities and Exchange Commission (including the sections entitled
�Risk Factors� and �Management�s Discussion and Analysis of
Financial Condition and Results of Operations� contained therein):
the occurrence of any event, change or other circumstances that
could give rise to the termination of the merger agreement with
BBAC, LLC and BBAC Merger Sub, Inc.; the outcome of any legal
proceedings that may be instituted against the Company related to
the merger agreement; the inability to complete the merger due to
the failure to obtain stockholder approval for the merger or the
failure to satisfy other conditions to completion of the merger,
including the failure to obtain the necessary financing
arrangements set forth in the debt and equity commitment letters
delivered pursuant to the merger agreement; risks that the proposed
transaction disrupts current plans and operations; the potential
difficulties in employee retention as a result of the merger; and
the impact of the indebtedness to be incurred to finance the
consummation of the merger. Any forward-looking statements are made
pursuant to the Private Securities Litigation Reform Act of 1995
and, as such, speak only as of the date made. Back Yard Burgers,
Inc. disclaims any obligation to update the forward-looking
statements. You are cautioned not to place undue reliance on these
forward-looking statements which speak only as of the date stated,
or if no date is stated, as of the date of this press release.
Grafico Azioni Back Yard Burgers (MM) (NASDAQ:BYBI)
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