CHARLOTTE — Rumors are swirling that Bojangles is exploring a sale.
The longtime Charlotte staple is working with investment bankers on a potential $1.5 billion sale, according to The Wall Street Journal. That deal would be roughly three times the $590 million Bojangles was acquired for in 2019 — though the newspaper says Bojangles “may decide against selling after all.”
Bojangles declined to comment, saying the company doesn’t comment on “rumors and speculation.”
A sale would mark the second time the chicken-and-biscuits chain has traded hands in recent years. Bojangles went public in 2015. It was bought by private-equity firms Durational Capital Management and TJC in 2019.
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