City of Industry, CA --(www.USEquityNews.com)-- 11/08/2007 - Fast food franchise industry alert provided by U.S. Equity News. Darden Restaurants, Inc. (NYSE: DRI) recently announced it has received several proposals to purchase its 73-restaurant Smokey Bones Barbeque & Grill chain, and has agreed to exclusively negotiate the terms of a purchase agreement with an affiliate of Sun Capital Partners for a 30-day period. To facilitate a quick closing, should a definitive agreement be reached, the affiliate has taken initial steps to meet certain licensing requirements. If a satisfactory definitive agreement is not reached at the end of the 30-day period, Darden may resume discussions with others who have submitted acquisition proposals.

Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) will open its 12th Illinois restaurant in South Elgin on Monday, Nov. 19, at 11 a.m. The South Elgin Red Robin® restaurant is located at 420 Randall Road, located off McDonald Street in front of the new Home Depot. Red Robin serves high-quality gourmet burgers, appetizers, entrees, salads and beverages in a kid and family-friendly atmosphere.

Restaurant chain operator Ruth’s Chris Steak House Inc. (NASDAQ: RUTH) said recently it will acquire Columbus, Ohio-based Mitchell's Fish Market and Cameron's Steakhouse from Cameron Mitchell Restaurants LLC for about $94 million. The deal will be funded through the company's credit facility and is expected to close in the first quarter of 2008. Ruth's Chris expects the purchase to add to earnings in the first full year after completion.

Famous Uncle Al's Hot Dogs & Grille, Inc. (OTCBB: FDOG) announced it has expanded its reach to Phoenix, AZ. The company opened its newest restaurant this week in Phoenix at 4727 East Bell Rd., Phoenix, AZ 85032. The new restaurant is the first Famous Uncle Al's Hot Dogs & Grille restaurant in Arizona. President, Dean Valentino commented, "As part of our plan to expand the chain nationwide this restaurant will serve as our southwest flagship restaurant."

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