Faruqi & Faruqi, LLP is Investigating the Acquisition of J. Alexander’s Corporation (JAX)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of J. Alexander’s Corporation (“J. Alexander’s” or the “Company”) (JAX) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Fidelity National Financial, Inc. (FNF) in a deal valued at approximately $72 million. Under the terms of the proposed transaction, J. Alexander's shareholders may elect to receive either $12 in cash or a combination of $3 in cash and one share of Class A common stock of American Blue Ribbon Holdings Inc.
Whether J. Alexander’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues J. Alexander’s shares and by how much this proposed transaction undervalues the Company to the detriment of J. Alexander’s shareholders are the key focus of this investigation.
If you own common stock in J. Alexander’s and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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New York, NY 10017
Tel: (212) 983-9330
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