Exhibit (a)(l)(J)
FOR IMMEDIATE RELEASE
CONTACT
Lawrence E. Dennedy
MacKenzie Partners, Inc.
212-929-5500
NBO, LLC AND QDI ACQUISITION LLC
EXTEND TENDER OFFER FOR QUALITY DINING.
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Southfield, Michigan -- July 11, 2000. NBO, LLC and its subsidiary, QDI
Acquisition LLC, today announced that their tender offer for all outstanding
shares of common stock of Quality Dining, Inc. (Nasdaq: QDIN) at $5.00 per share
in cash has been extended until 5:00 p.m. New York City time on Wednesday,
August 9, 2000. A total of 3,366,817 shares had been tendered and not withdrawn
through July 10, 2000.
The tender offer is conditioned upon, among other things: (a) there being
validly tendered and not withdrawn before the expiration of the Offer shares of
common stock of Quality Dining that, when added to the shares owned by QDI
Acquisition and NBO, would represent at least a majority of the outstanding
shares of Quality Dining on a fully diluted basis on the date of the purchase;
(b) that Quality Dining's Board of Directors redeem the Shareholder Rights or
make them inapplicable to QDI Acquisition's offer; (c) that the Quality Dining
Board approve the acquisition of shares by QDI Acquisition in the offer, or that
QDI Acquisition otherwise be satisfied that the proposed merger can occur under
Chapter 43 of the Indiana Business Corporation Law, as soon as practicable
following consummation of the offer; (d) that the Quality Dining Board approve
an amendment to Quality Dining's By-laws or otherwise ensure that QDI
Acquisition will be able to vote its shares acquired in the offer without
restriction or limitation under Chapter 42 of the Indiana BCL; (e) that QDI
Acquisition, in its reasonable discretion, be satisfied that the proposed merger
can be consummated without a supermajority vote of Quality Dining's shareholders
pursuant to Article VIII of Quality Dining's Restated Articles of Incorporation;
and (f) that the Quality Dining Board agree to cause a majority of the Board of
Directors to be comprised of representatives of QDI Acquisition and/or NBO
immediately following consummation of the offer.
The information agent for the tender offer is MacKenzie Partners, Inc. (212)
929-5500.
