MURRAY FRANK LLP Investigates O’Charley’s Inc.
08 Febbraio 2012 - 12:16AM
Business Wire
MURRAY FRANK LLP is investigating breaches of fiduciary duties
by certain members of the Board of Directors of O’Charley’s Inc.
(NASDAQ: CHUX) (“O’Charley’s” or the “Company”) regarding the
acquisition of the Company by Fidelity National Financial, Inc.
(NYSE: FNF) (“Fidelity”).
On February 6, 2012, O’Charley’s and Fidelity announced that
they had entered into a definitive merger agreement. Under the
terms of the agreement, O’Charley’s shareholders will receive $9.85
in cash for each share they own. Fidelity currently owns
approximately 9.5%, of all outstanding shares of O’Charley’s common
stock and according to the deal announcement, Fidelity plans to
commence a tender offer for the remaining shares on or about
February 24, 2012.
The investigation seeks to determine whether O’Charley’s Board
of Directors breached their fiduciary duties in connection with
their efforts to sell O’Charley’s to Fidelity at an inadequate
price through an unfair process which significantly undervalues the
Company.
If you are a current investor in O’Charley’s who purchased
O’Charley’s shares before February 6, 2012, and you wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests with respect to these matters, please
contact Katherine E. Smith at (800) 497-8076 or (212) 682-1818, or
by email at investigations@murrayfrank.com.
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