Red Lobster to exit bankruptcy

investor Vladimir galin raising his stake in Jet Blue further gwan who has been steadily building up his position in the carrier this year now holds just under 10% of the shares making him jet Blue's third largest investor behind Black Rock and Vanguard galcon told Bloomberg that he met with jet Blues both the CEO and CFO earlier this week to discuss a possible board seat he a Florida he's a Florida man Florida man making invest Florida entrepreneur who cashed in on a gamestock during the mem stock craze and the parent company of 7-Eleven rejecting that $39 billion buyout offer from Canada's cushard as too low Japan's 7 and I said that the bid significantly undervalues the convenience store operator and said that it doesn't consider potential regulatory hurdles cushard owns the circle K chain in the United States Andrew meantime a bankruptcy court now approving Red Lobster plan to exit chapter 11 bankruptcy protection this is part of the restructuring plan a group of investors are going to be acquiring the restaurant chain by the end of the month now after the acquisition closes the investors will replace the current CEO with a former CEO of PF Changs Red Lobster currently operates 544 restaurants across the US and Canada and I like Red Lobster and I like P you do you been there I don't believe you when the last time you've been to you haven't been to a Red Lobster right across the street back this way I'm sorry when I was in IND you have not been to a Red Lobster in 20 years oh easily you're wrong really easily you're wrong I haven't been to one in so long easily you're wrong you're not some I don't know if it's still here but Daniel belud lobster place come on we're on 41st here okay uh I'm sorry 43rd 41st you ever been to an don't lie to me you ever been to I have and I've got a story to tell about I was in an ol Garden in February on the road driving back from Indiana we stopped and we ate it okay I take it all back I take it all what did you get it what do you get at you get Lobster at at Olive Garden my story no oh yeah okay I want to hear that a young man and it was the first and probably only time I was hit on by a waitress and I will always remember that I she put her number on the back of the bill Andrew my first date was at a at saying that's you ask for a story that's my story let me ask you let me ask long did did you use that number I did not you did not why not would you would would you say there was a mutual um sort of a no it happened to be this is too long we got we got to go back how long ago was this this a long time ago it affected you affected you deeply because it was so such an unusual situation trust me it was unusual God I love coming up on the other side of this a closer at the I window 70 was she that slam shot in July Leslie picker is going to be with us right after this as we head to a break a look at yesterday's S&P 500 winners why didn't you call her why didn't you call her it just spill she was seven

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