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Joe's Crab Shack Parent Hits Ch. 11 With $50M Purchase Bid

By Alex Wolf (June 6, 2017, 8:42 PM EDT) -- Restaurant chains Joe's Crab Shack and Brick House Tavern + Tap filed for Chapter 11 bankruptcy on Tuesday in Houston along with parent company Ignite Restaurant Group Inc. with a $50 million private equity purchase offer in hand after failing to fix declining sale issues out of court....

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