Getting your player ready...
Greenwood Village-based Red Robin Gourmet Burgers Inc. is being pressured by shareholders to put itself up for sale.
Clinton Group and Spotlight Advisors, the third-largest shareholder of Red Robin, said in a letter to the board of directors that “the time has come for the board to proactively solicit proposals for the acquisition of the company,” according to an SEC filing summarizing the letter.
Clinton Group and Spotlight Advisors are suggesting an acquisition by a private company, arguing that public shareholders don’t have the patience to wait for a turnaround.
