Rubio's Restaurant shareholder expresses interest in someday acquiring company

By Angela McDaniels

Tacoma, Wash., March 12 - Rubio's Restaurants, Inc. investor Alex Meruelo does not believe the company should be public and is interested in acquiring the company at some point in the future, according to a schedule 13D/A filing with the Securities and Exchange Commission.

Mureulo let his feelings be known at a Feb. 18 meeting with chief executive officer Daniel Pittard and chief financial officer Frank Henigman, but no formal plans, proposals or offers were made.

The investor plans to communicate with other stockholders, officers or directors about the company's operations and strategic direction.

The Alex Meruelo Living Trust purchased 280,000 shares of Rubio's common stock on March 6 for $3.09 each.

Following the latest purchase, Meruelo and his affiliates beneficially own 1,127,900, or 11.3%, of the company's shares.

Rubio's is a Carlsbad, Calif., Mexican restaurant franchisor.

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