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Outback Steakhouse franchisee files for bankruptcy

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Out West Restaurant Group, an Outback Steakhouse franchisee, has filed for Chapter 11 bankruptcy protection.

Outback Steakhouse parent company Bloomin' Brands has agreed to buy Out West's assets for roughly $26.3 million.

Bloomin' Brands is buying Out West's 61 restaurants, according to Fox Business.

Read more from Fox Business.

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