UPDATE 1-Back Yard Burgers to be acquired for about $38 mln

(Reuters) - Shares of the company rose 23 percent to $6.21 in early
morning trade on Nasdaq.




The deal represents a premium of 28.71 percent above Back
Yard Burgers' closing price of $5.05 on Friday on the Nasdaq,
the hamburger chain said in a statement.


Read more at Reuters.com Mergers News