National Law Firm Investigates Claims that the Proposed Transaction between J. Alexander's Holdings, Inc. and 99 Restaurants, LLC Would Not Be In the Best Interests of JAX's Public Investors
NEW YORK, Oct. 19, 2017 /-- Tripp Levy PLLC a national shareholder rights law firm is investigating claims on behalf of investors in J. Alexander's Holdings, Inc. (JAX), concerning JAX's acquisition of 99 Restaurants, LLC, a company owned by Fidelity National Financial, Inc. (FNFV), in an all-stock transaction. Investment firm Marathon Partners Equity Management, LLC, questions the deal because, among other things: (1) all six JAX board members are affiliated with FNFV; (2) after the transaction, FNFV's interest in JAX will increase from approximately 11% to over 52%; and (3) Marathon estimates the value of JAX to be between $13 and $15 per share, instead of the $11 per share JAX's Board used as the basis for the transaction.
JAX shareholders seeking more information about the transaction and how they may be eligible to obtain additional consideration for their shares can contact 800.511.7037 or contact@tripplevy.com
