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March 29, 2010
Golden Gate Capital has entered into a definitive agreement to purchase the On The Border Mexican Grill & Cantina brand from Brinker International (NYSE: EAT). On The Border is a full-service, casual dining Mexican restaurant with 160 locations around the globe. The deal is expected to close by the end of the 2010 fiscal year. This is the second Brinker chain Golden Gate has acquired; it bought Romano's Macaroni Grill for $110 million in December 2008.
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