Fidelity National Financial, Inc. and J. Alexander’s Corporation Announce Completion of Merger
October 29 2012 - 10:01AM
Business Wire
Fidelity National Financial, Inc. (NYSE:FNF) (“FNF”) and J.
Alexander’s Corporation (NASDAQ: JAX) (“J. Alexander’s”) announced
today the successful completion of the merger of FNF’s indirect
wholly-owned subsidiary, New Athena Merger Sub, Inc. (“Merger
Sub”), with and into J. Alexander’s.
At the effective time of the merger, each share of J.
Alexander’s common stock outstanding immediately prior to the
effective time of the merger that was not accepted for payment
pursuant to Merger Sub’s tender offer for J. Alexander’s common
stock (other than shares held by J. Alexander’s or Merger Sub,
which shares were cancelled without any conversion) converted into
the right to receive the same $14.50 per share in cash, without
interest and less any applicable withholding taxes, that was paid
in the tender offer.
On October 29, 2012, J. Alexander’s common stock ceased to be
traded on the Nasdaq Global Market.
About FNF
Fidelity National Financial, Inc. (NYSE:FNF), is a leading
provider of title insurance, mortgage services and restaurant and
other diversified services. FNF is the nation’s largest title
insurance company through its title insurance underwriters -
Fidelity National Title, Chicago Title, Commonwealth Land Title and
Alamo Title - that collectively issue more title insurance policies
than any other title company in the United States. FNF also owns a
55% stake in American Blue Ribbon Holdings, a restaurant owner and
operator of the O’Charley’s, Ninety Nine Restaurant, Max &
Erma’s, Village Inn, Bakers Square and Stoney River Legendary
Steaks concepts. In addition, FNF owns a majority stake in Remy
International, Inc., a leading designer, manufacturer,
remanufacturer, marketer and distributor of aftermarket and
original equipment electrical components for automobiles, light
trucks, heavy-duty trucks and other vehicles. FNF also owns a
minority interest in Ceridian Corporation, a leading provider of
global human capital management and payment solutions. More
information about FNF can be found at www.fnf.com.
About J. Alexander’s
Corporation
J. Alexander’s Corporation (NASDAQ: JAX), operates 33 J.
Alexander’s restaurants in 13 states: Alabama, Arizona, Colorado,
Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Michigan,
Ohio, Tennessee and Texas. J. Alexander’ is an upscale,
contemporary American restaurant known for its wood-fired cuisine.
J. Alexander’s menu features a wide selection of American classics,
including steaks, prime rib of beef and fresh seafood, as well as a
large assortment of interesting salads, sandwiches and desserts. J.
Alexander’s also has a full-service bar that features an
outstanding selection of wines by the glass and bottle. More
information about J. Alexander’s can be found at
www.jalexanders.com.
Forward Looking
Statements
This press release contains forward-looking statements relating
to the acquisition of J. Alexander’s by FNF and its affiliates,
including the expected date of closing of the acquisition and the
potential benefits of the transaction. The actual results of the
transaction could vary materially as a result of a number of
factors, including those other risks detailed in the “Statement
Regarding Forward-Looking Information,” “Risk Factors” and other
sections of J. Alexander’s and FNF’s Form 10-K and other filings
with the SEC. These forward-looking statements reflect J.
Alexander’s and FNF’s expectations as of the date of this press
release. J. Alexander’s and FNF undertake no obligation to update
the information provided herein.
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