Shareholders Foundation, Inc.

O'Charley's Inc. (NASDAQ:CHUX) Investor Sued Directors to Block Takeover

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 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.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739