Nashville-based restaurant chain J. Alexander’s has closed its sale to Fidelity National, a title insurance company out of Florida. The merger negotiations dragged out for months as two other companies placed competing bids and J. Alexander’s stockholders filed a lawsuit against the board. In the end, everyone agreed to a price of $14.50 a share.
J. Alexander’s Negotiates With Rival Bidder
Nashville-based J. Alexander’s has returned to negotiating table with a potential buyer that the restaurant chain’s board had been ready to ignore.
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