Jan 24 (Reuters) -
* AREX CAPITAL MANAGEMENT LP REPORTS 8.5% STAKE IN FIESTA
RESTAURANT GROUP AS OF JAN 21 - SEC FILING
* AREX CAPITAL MANAGEMENT LP - PURCHASED FIESTA RESTAURANT
GROUP'S
SHARES BASED ON THEIR BELIEF THAT THE SHARES, WHEN PURCHASED,
WERE UNDERVALUED
* AREX CAPITAL MANAGEMENT LP- EXPECT TO CONTINUE TO ENGAGE
IN
DIALOGUE WITH FIESTA RESTAURANT GROUP ABOUT CERTAIN OPERATIONAL,
STRATEGIC MATTERS
Source text - (http://bit.ly/37qXdY9)
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