NEW YORK, Feb. 10, 2012 /PRNewswire/ -- Bull &
Lifshitz, LLP announces an investigation into possible breaches of
fiduciary duty in connection with the proposed sale of O'Charley's
Inc. (NASDAQ: CHUX) (referred to as "O'Charley's" or the "Company")
to Fidelity National Financial, Inc. ("FNF") in a cash
transaction.
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Under the terms of the merger agreement, FNF intends to commence
a tender offer for all of the outstanding shares of common stock of
O'Charley's that it does not currently own on or about February 24, 2012 for $9.85 per share in cash. The initial tender
is expected to expire on April 2,
2012, and to close shortly thereafter, assuming that shares
that, combined with FNF's existing 9.5% ownership stake, represent
more than a majority of the outstanding shares of O'Charley's are
properly tendered and not withdrawn. Closing of the tender is
also contingent on customary closing conditions, including the
expiration of the HSR waiting period. The back-end, cash-out
merger under Tennessee law is
expected to take place no earlier than May
2, 2012, and is also subject to customary closing
conditions, including the successful completion of the tender
offer.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company's
shareholders.
If you are a holder of O'Charley's common stock and want to
discuss your legal rights, you may e-mail or call Bull &
Lifshitz, LLP who will, without obligation or cost to you, attempt
to answer your questions.
If you are a shareholder of O'Charley's and would like more
information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an
e-mail including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to O'Charley's.
Bull & Lifshitz, LLP is a New York
City-based law firm with significant experience representing
investors in merger-related shareholder class actions, shareholder
derivative actions, and securities fraud class actions. For
more information about the firm, please visit our website at
www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz,
LLP. The law firm responsible for this advertisement is Bull
& Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
Contact:
Joshua M. Lifshitz, Esq.
Bull & Lifshitz, LLP
Phone: 212-213-6222
Fax: 212-213-9405
Email: counsel@nyclasslaw.com
SOURCE Bull & Lifshitz, LLP