Wednesday, September 28, 2016

Cosi shares in free fall as chain files Chapter 11 bankruptcy

Cosi Inc., fast-casual restaurant chain that has been plagued with declining sales and a sagging share price, announced Wednesday it has filed Chapter 11 bankruptcy restructuring. Shares of Boston-based Cosi (NASDAQ: COSI) plummeted as much as 61 percent to six cents Wednesday afternoon following the announcement. Shares are down 84 percent year-to-date. The company said it’s initiating a sale of its assets to lenders AB Opportunity Fund LLC, AB Value Partners, JP and entities affiliated with Milfam…



from http://www.bizjournals.com/baltimore/news/2016/09/28/cosi-shares-in-free-fall-as-chain-files-chapter-11.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/151064384937

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