J. ALEXANDER’S ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of JAX and Encourages Investors to Contact the Firm
J. Alexander's Holdings, Inc. (JAX)
US:NASDAQ Investor Relations:
investor.jalexandersholdings.com
Company Research
Source: GlobeNewswire
NEW YORK, July 07, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of J. Alexander’s Holdings, Inc. (NYSE: JAX) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by SPB Hospitality LLC. Click here to learn more and participate in the action. On July 2, 2021, J. Alexander announced that it had signed an agreement to merge with SPB Hospitality for approximately $220 million. Pursuant to the merger agreement, J. Alexander’s stockholders will receive $14.00 in cash for each share of J. Alexander’s common stock owned. The deal is scheduled to close in the fourth quarter of 2021. Bragar Eagel & Squire is concerned that J. Alexander’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the de
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