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Mishawaka, Ind.-based Quality Dining Inc. entered definitive agreements to divest its bagel-related businesses, including Bruegger’s Corp., to directors and Bruegger’s co-founders, Nordahl L. Brue and Michael J. Dressell, for about $54.7 million in stock and debt. Quality Dining had reported in May its plans to sell Bruegger’s. The company recorded charges of $185 million for the impairment of bagel-related assets and $17.6 million for divestiture expenses in its fiscal second quarter, ended May 11. Quality Dining said it expects no further charges related to the divestiture.
