StocksMedium•2 November 2026•
1 min read
Bloomin' Brands Shares Rise on $26.3 Million Stalking Horse Bid for Assets
Key Facts
1Bloomin' Brands agreed to a $26.3 million stalking horse bid for the assets of Out West.
2The bid includes 61 Outback Steakhouse restaurants following Out West's Chapter 11 bankruptcy filing.
3Bloomin' Brands shares gained as much as 6.3% during Monday's trading session.
Bloomin' Brands agreed to a $26.3 million stalking horse bid for the assets of Out West. TradingView reported that the bid includes 61 Outback Steakhouse restaurants following Out West's Chapter 11 bankruptcy filing on November 2, 2026. Shares of Bloomin' Brands gained as much as 6.3% during Monday's trading session as the company moved to consolidate its largest franchisee's operations.
The agreement includes Bloomin' Brands providing up to $5.5 million in debtor-in-possession financing to maintain restaurant services throughout the bankruptcy process. BLMN closed at $10.57 on October 30, 2026, having reached a session high of $10.96 on that date.