Rubio's(R) Restaurants, Inc. Receives An Unsolicited Letter Outlining a Proposal to Acquire All Outstanding Common Stock

CARLSBAD, Calif., Oct. 14, 2009 (GLOBE NEWSWIRE) -- Rubio's(R) Restaurants, Inc. (Nasdaq:RUBO) today announced that its Board of Directors had received an unsolicited letter, dated October 13, 2009, from a group consisting of Alex Meruelo and his affiliates and Levine Leichtman Capital Partners IV, L.P. outlining a proposal to acquire all of the Company's outstanding common stock for $8.00 per share. The Board intends to consider the letter consistent with its fiduciary duties to act in the best interests of the Company's stockholders.

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