Durational Capital Management and Jordan taken Bojangles from public to private for $593m.

Durational Capital Management LP and The Jordan Company LP will acquire the Company in an all cash transaction. Bojangles’ stockholders will receive $16.10 per share, representing a 15% premium to the closing share price of September 27, 2018, a day prior to a published report that Bojangles’ is exploring strategic alternatives. “Bojangles’ is an iconic brand with an authentic Southern heritage and a deeply loyal following. We have admired the brand and its high quality and craveable food for years, and we look forward to partnering closely with the employees and franchisees to drive its future growth and continued success.” Eric Sobotka, Durational Capital Management Managing Partner.