NEW
YORK, May 27, 2023 /PRNewswire/ -- Shareholder
rights law firm Julie & Holleman LLP is investigating the
proposed $30 per share acquisition of
Franchise Group, Inc. (NASDAQ: FRG) by the company's senior
management team. The firm is concerned about the price being
offered as well as potential conflicts of interest.
For a free consultation and to learn more about our
investigation, click here or visit:
https://julieholleman.com/?p=3012
Franchise Group owns and manages several retail outlets,
including Pet Supplies Plus, Wag N' Wash, American Freight, The
Vitamin Shoppe, Badcock Home Furniture & More, Buddy's Home
Furnishings and Sylvan Learning. The company's largest shareholders
include Brian R. Kahn and his
private equity firm, Vintage Capital Management, LLC, who oversaw
the acquisition of Franchise Group's various portfolio
companies.
On May 10, 2023, Franchise Group
announced that Kahn and other members of his management team
reached a deal to buy out the company's other shareholders for just
$30 per share, which values the
company at approximately $2.6
billion. The deal is expected to close in the second half of
2023.
Julie & Holleman, whose attorneys have helped secure
hundreds of millions of dollars for shareholders, is concerned
about the inadequate deal price. The per share deal price is less
than the 52-week high trading price of $44.25 per share, and it's also less than a
$35 per share price target
established by financial analysts. Julie & Holleman is also
concerned about conflicts of interest. Franchise Group insiders are
cashing out public shareholders while retaining an interest in the
company's substantial upside potential.
If you would like more information about Julie & Holleman's
investigation, please contact W. Scott
Holleman at scott@julieholleman.com or (929) 415-1020, or
submit your contact information by clicking here.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions, and corporate
investigations. The firm's attorneys litigate in state and federal
courts across the nation and have helped secure hundreds of
millions of dollars for aggrieved companies and their shareholders.
For more information about the firm, please visit
https://www.julieholleman.com/. This notice may constitute attorney
advertising. Past results do not guarantee future outcomes.
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SOURCE Julie & Holleman LLP