O’Charley’s
Symbol:
CHUX
Class Period:
Status:
Investigating
Documents:
Pomerantz is investigating claims on behalf of investors of O’Charley’s Inc. (“O’Charley’s” or the “Company”) (NASDAQ: CHUX) concerning the proposed acquisition of O’Charley’s by Fidelity National Financial, Inc.
The investigation concerns whether the O’Charley’s directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, O’Charley’s shareholders would receive $9.85 per share of common stock held. However, the price to revenue multiple of .37 is below the 1.03 average multiple in comparable transactions.
O’Charley’s shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at gfbruckner [at] pomlaw [dot] com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at rrboyle [at] pomlaw [dot] com or 212-661-1100 or 888-476-6529, ext. 237.
