Rubio's Restaurants investor wants to buy company for $8 per share

By Lisa Kerner

Charlotte, N.C., Oct. 14 - Rubio's Restaurants, Inc. said its board of directors will consider an unsolicited proposal to acquire the company from a group that includes Alex Meruelo and Levine Leichtman Capital Partners IV, LP.

The group wants to acquire Rubio's outstanding common stock for $8 per share, according to a company news release.

As reported in March 2009, Rubio's investor Meruelo said he did not believe the company should be public and expressed interest in buying the Carlsbad, Calif., Mexican restaurant franchisor.

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