NEW YORK (TheStreet) -- Ruby Tuesday (RT) has made it expressly clear it did not start the speculation mongering that it had hired Goldman Sachs to discuss strategic options, particularly a potential buyout.
"The company is aware of recent media reports suggesting it has hired Goldman Sachs to evaluate strategic alternatives," it said in a statement. "We believe it is important to clarify that this rumor did not originate from Ruby Tuesday."
Missing from the statement, however, was confirmation the restaurant chain had or had not entered into discussions with the investment bank. The short and not-so-clarifying release sent shares as low as 7.2% during the trading day, before closing 3.8% lower to $6.84. Wednesday's drop reversed all gains achieved since Monday when the rumors gained traction.
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