Wednesday, February 7, 2018

Shareholders Stump J. Alexander’s Merger with Ninety Nine

A special meeting of shareholders appears to have ended the proposed merger of J. Alexander’s and Ninety Nine Restaurant & Pub. Shareholders voted down the deal, the company announced Thursday, saying it “expects that the merger agreement will be terminated.”

The deal was first shared in August when J. Alexander’s Holding’s, Inc., the parent company of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill, and Lyndhurst Grill, said it would acquire the chain from Fidelity National Financial Ventures LLC in an all-stock deal valued at $199 million.. . . more