Investor Group to Acquire Blimpie

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Atlanta-Sandwich chain Blimpie International Inc. agreedto be sold to a private investor group headed by Blimpiesubfranchisor Jeffrey Endervelt. According to terms of the deal,the investor group will purchase Blimpie's outstanding 9.2million shares of common stock for a cash purchase price of $2.80per share, or about $25.8 million. The company operates BlimpieSubs & Salads, Smoothie Island, Pasta Central and Maui Tacosstores. -Nation's Restaurant News

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