Faruqi & Faruqi, LLP Announces the Investigation of Frisch's Restaurants, Inc. (FRS) Over the Proposed Sale of the Company to NRD Partners Private Equity Fund Affiliate
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Frisch's Restaurants, Inc. (“Frisch’s” or the “Company”) (NYSE MKT: FRS) for potential breaches of fiduciary duties in connection with the sale of the Company to an NRD Partners I, L.P. affiliate for approximately $175 million. The Company’s stockholders will only receive $34.00 for each share of Frisch’s common stock they own.
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