Bojangles’ to be Acquired by New York-based Consortium

Charlotte, N.C. — Bojangles’, Inc. has entered into a definitive agreement to be acquired by Durational Capital Management LP and The Jordan Company, L.P. in an all-cash transaction. Bojangles’ stockholders will receive $16.10 per share. Upon closing, Bojangles’ will continue to be operated as an independent, privately-held company and will remain based in Charlotte, N.C.

Bojangles’ To Expand in Pennsylvania

Charlotte, N.C. — Bojangles’, Inc. has signed a new multi-unit development agreement with Bo Forever, LLC of Yardley, Pa., which will open four new Bojangles’ restaurants over the next 4 years in the Lehigh Valley area of Pennsylvania to potentially include locations in Allentown, Bethlehem, Easton and Quakertown, Pa.

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