09:02 AM EDT, 04/08/2025 (MT Newswires) -- El Pollo Loco ( LOCO ) said in a regulatory filing late Monday that it received an unsolicited, non-binding takeover offer from Biglari Capital.

Biglari seeks to acquire all outstanding El Pollo Loco ( LOCO ) shares that it does not already own, the company said.

El Pollo Loco ( LOCO ) said its board is evaluating the proposal together with financial and legal advisors and has not set a timetable for any decision. It also said it entered a confidentiality agreement with Biglari that includes a customary standstill.

Shares of the restaurant chain were up more than 15% in Tuesday's premarket activity.