RTXB $10 Million acquisition news
Low floater about to break out!!!
DALLAS, TX--(Marketwired - Jul 30, 2013) - Republic of Texas Brands, Inc. (PINKSHEETS: RTXB) is pleased to announce it has signed a Letter of Intent to purchase a successful Texas-based barbecue restaurant chain, which consists of multiple profitable restaurants in exchange for approximately $20 million. The barbecue restaurant chain has been in business for over 30 years, generated well over $10 million in sales in 2012 and all of its locations are in the Dallas/Fort Worth area. The Company plans on entering into a definitive agreement after its 90 day due diligence period. The Restaurant Chain has asked to keep its name private until the definitive agreement is signed
