Bojangles’ shareholders approved the company’s sale to two New York firms, Durational Capital Management and The Jordan Co., according to a media release.
The deal is valued at $700 million and is expected to close this quarter.
The sale was announced in November and is expected to close in the first quarter of the year.
The Charlotte Observer reported stockholders will receive $16.10 per share in cash.
The chain was founded in Charlotte in 1977, and reportedly has been beset with a number of challenges since going public in 2015.