Bojangles' to be Acquired by Two New York Firms

North Carolina-based chicken-and-biscuits chain Bojangles’ will be acquired by two New York firms, according to a report in The Charlotte Observer.

The purchase by Durational Capital Management LP and The Jordan Company, L.P. is subject to shareholder approval, according to the article.

“For the Bojangles’ family of employees, franchisees, and our customers, today’s announcement represents an exciting next phase for this great brand,” interim Bojangles’ CEO Randy Kibler said in a statement, according to the article. “The new ownership group is committed to maintaining the qualities of this brand that have sustained it for over four decades.”

Read the full report at The Charlotte Observer.