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Non-Tech : BJ's Restaurants Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JustMy2Cents who wrote (547)	7/15/1999 4:35:00 PM
From: JustMy2Cents	Read Replies (1) \| Respond to of 865

La Pizza Loca Ends Bid to Buy Chicago Pizza; Sells Stake Washington, July 15 (Bloomberg) -- La Pizza Loca Inc. said it ended its effort to acquire control of Chicago Pizza & Brewery Inc. and agreed to sell its stake in the operator of pizza restaurants to ASSI Inc. for $2.25 per share. Buena Park, California-based La Pizza Loca last year offered to buy Chicago Pizza for $2 a share in cash and said as recently as January that it still was interested in a transaction. La Pizza Loca Chief Executive Alex Meruelo and his company disclosed today that they would abandon that plan. ''Meruelo and La Pizza Loca have discontinued their efforts to acquire control of the company and have agreed to sell all of their 866,000 shares in the company to ASSI,'' according to a Schedule 13D filed with the Securities and Exchange Commission. Chicago Pizza, based in Mission Viejo, California, operates 27 pizza restaurants under names including ''BJ's Pizza, Grill & Brewery.'' The restaurants are located in southern California and other western states. Shares in Chicago Pizza fell 1/16 to 1 13/16. In recent months, company shares traded as high as 2 5/16 on May 21.