Galloway Capital Partners Announces 6.01% Stake In Noodles & Company
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Galloway Capital Partners has acquired a 6.01% stake in Noodles & Company, believing its shares are undervalued. They propose selling 200 company-owned restaurants to generate $60 million, aiming to reduce debt and enhance shareholder value. This strategy mirrors their successful turnaround of Regis Corporation. Galloway emphasizes partnering with Noodles' management to drive performance and unlock value. The firm focuses on undervalued companies with potential for substantial appreciation.
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