Word on the street is that El Pollo Loco is hotter than a chicken fresh off the grill. The deal is expected to price tonight (Thursday) with the current range of $13 to $15. If the deal happens as planned the stock will open Friday morning to the broad market. So we have a quality deal on our hands and the question of the moment is "at what price might LOCO" trade at as a public company?
We're reminded a bit of Chuy . . .