Ruby Tuesday to explore strategic alternatives, including sale: Reuters

(Reuters) — Restaurant operator Ruby Tuesday Inc (RT.N) said on Monday it would explore strategic alternatives, including a potential sale or merger sending its shares up after the bell.

The company’s shares rose about 14 percent to $1.99 in extended trading.

The company, which also expects third-quarter comparable sales to decline 4 percent, retained UBS as its financial adviser to assist in the process.