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FRG SHAREHOLDER ALERT: Jakubowitz Law Reminds Franchise Group, Inc. Shareholders of an Investigation into the Fairness of the Acquisition by Freedom VCM, Inc.
News provided byJakubowitz Law
May 26, 2023, 9:00 AM ET
NEW YORK, May 26, 2023 /PRNewswire/ -- Jakubowitz Law announces that a merger investigation has commenced on behalf of shareholders of Franchise Group, Inc. (NASDAQ: FRG). This investigation concerns the fairness of the transaction between Franchise Group and Freedom VCM, Inc. ("Freedom"). On May 11, 2023, the Company announced that it had entered into an agreement and plan of merger (the "Merger") with Freedom, a consortium that includes Franchise Group's CEO Brian Kahn, B. Riley Financial, and Irradiant Partners. As a result of the Merger, Franchise Group stockholders are anticipated to receive only $30.00 per share in cash in exchange for each share of Franchise Group.
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The Franchise Group Merger investigation concerns whether the executives, directors, and controlling stockholders of Franchise Group have harmed stockholders by causing the Company to agree to the Merger, and whether all material facts have been properly disclosed to stockholders.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
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