Dave & Busters (NYSE:DAB)
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From May 2019 to May 2024
Dave & Buster's, Inc. (NYSE:DAB), a leading operator of
upscale restaurant/entertainment complexes, announced today that it
entered into a Memorandum of Understanding setting forth the terms of
a proposed settlement with the named plaintiff of a purported class
action lawsuit filed on January 20, 2006 that opposed the Company's
planned merger with an affiliate of Wellspring Capital Management. The
proposed settlement is conditioned upon the consummation of the
merger, the execution of a definitive settlement agreement, and court
approval. The settlement will extinguish all claims for any alleged
violation of fiduciary duty, including all claims relating to the
adequacy of disclosure, and all claims related to the value to be paid
for the Company's common stock in the proposed merger. In connection
with the settlement, the Company has commenced the circulation to its
stockholders of a supplement to the Company's January 25, 2006 proxy
statement. The supplement contains additional disclosures regarding
the merger. The Company's special meeting of stockholders to vote upon
the merger will be held on February 28, 2006.
Celebrating over 23 years of operations, Dave & Buster's was
founded in 1982 and is one of the country's leading upscale,
restaurant/entertainment concepts with 46 locations throughout the
United States and in Canada. More information on the company,
including the latest investor presentation is available on the
company's Website, www.daveandbusters.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding Dave &
Buster's business which are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion of
such risks and uncertainties, which could cause actual results to
differ from those contained in the forward-looking statements, see
"Risk Factors" in the company's Annual Report or Form 10-K for the
most recently ended fiscal year.