A lawsuit was filed for investor in shares of O'Charley's Inc. (NASDAQ:CHUX)) in effort to block the proposed buyout and NASDAQ:CHUX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/27/2012 -- The Shareholders Foundation announces that an investor in NASDAQ:CHUX shares filed a lawsuit against directors of O'Charley's Inc. in effort to stop the proposed takeover of O'Charley's Inc. by Fidelity National Financial, Inc. for $9.85 per NASDAQ:CHUX share.
If you are a current investor in O'Charley's Inc. (NASDAQ:CHUX) and purchased your NASDAQ:CHUX shares prior to February 6, 2012, you have certain options and you should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On Monday, February 6, 2012, O'Charley's Inc. (NASDAQ:CHUX) announced that it has signed an agreement with Fidelity National Financial, Inc. (NYSE:FNF) related to Fidelity National Financial's acquisition of all the outstanding shares of O'Charley's common stock for $9.85 per share, representing a total equity value of approximately $221 million on a fully diluted basis.
Following the takeover news shares of O'Charley's Inc. (NASDAQ:CHUX) jumped from $6.90 on Friday to $9.85 on Monday, February 6, 2012.
However the plaintiff alleges the $9.85offer is unfair to NASDAQ:CHUCK stockholders and undervalues O’Charley’s Inc.
Those who are current investors in O'Charley's Inc. (NASDAQ:CHUX) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego