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Piccadilly Cafeterias Inc. of Baton Rouge to sell its assets to Piccadilly Investments LLC

Piccadilly Cafeterias Inc. of Baton Rouge agreed to sell its assets and operations to Piccadilly Investments LLC for nearly $80 million in cash in a bankruptcy auction. The restaurant company filed for voluntary Chapter 11 filing in 2003. Piccadilly Investments in an acquisition company jointly

owned by The Yucaipa Cos. and Diversified Investment Management Group, two Los Angeles- based private equity firms.

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