Notice of Investigation of J. Alexander’s (JAX) Board – Shareholders Encouraged to Contact Us

» Posted on Nov 17, 2017 in Companies Under Investigation, News

Notice of Investigation of J. Alexander’s (JAX) Board – Shareholders Encouraged to Contact Us

Albuquerque, New Mexico, Nov. 17, 2017 — The Law Office of Nicholas Koluncich III, LLC is continuing its investigation and analysis of the proposed “merger” of J. Alexander’s (JAX) and certain co-parties with 99 Restaurants, LLC, announced in August of 2017.

On August 4, 2017, JAX announced in its public filings with the Securities and Exchange Commission (“SEC”), make on Form 8-K, that J. Alexander’s, Fidelity Newport Holdings, LLC (“FNH”) and Fidelity National Financial Ventures, LLC (“FNFV”), a direct wholly-owned subsidiary of FNF, had entered into a definitive agreement under which the Company will acquire 99 Restaurants, LLC (“99 Restaurants”) in an all-stock transaction valued at approximately $199 million, including the assumption of approximately $20 million in net debt.

One major shareholder, Marathon Partners Equity Management, LLC “[It] estimate[d] J. Alexander’s intrinsic value ranges from $13 to $15 per share, significantly higher than the $11 used by the Board to underpin the proposed transaction.” The relationship between the parties and the process which yielded this purchase price and other deal terms warrant further investigation and analysis. Current shareholders are encouraged to contact us immediately at:

intake@newmexicoclassactions.com

If you own JAX shares or have any questions concerning your rights and interests with regard to this matter, please contact the Law Offices of Nicholas Koluncich III, LLC.  Doing so will enhance the probability that your voice will be heard if any litigation should ensue.  Individuals having information about this company or its directors and officers are also asked to contact The Law Offices of Nicholas Koluncich III, LLC.  Former employees and current stockholders are particularly encouraged to contact us.

If you own J. Alexander’s stock, have information about this company, or would like a candid explanation of your rights, please contact:

Law Offices of Nicholas Koluncich III, LLC

500 Marquette Avenue NW – Suite 1200

Albuquerque, NM 87102

(505) 881-2228

FAX (505) 881-4288

intake@newmexicoclassactions.com

newmexicoclassactions.com

 

There is never any charge for an initial consultation and this consultation will be treated as attorney client privileged.  Initial, no obligation consultation is confidential and free.