Kessler Topaz is investigating claims on behalf of current shareholders of Franchise Group, Inc. (NASDAQ:FRG) (“Franchise Group”), related to its announcement that that it would be acquired by an investment consortium.
On May 10, 2023, Franchise Group announced that it would be acquired by an investment consortium led by the company's Chief Executive Officer at a price of $30.00 per share - a less than 4% premium to the stock's closing price the prior day.
Our investigation is focused on whether Franchise Group shareholders are receiving adequate consideration for their shares and whether the price was the result of a fair process.
Contact us today if you are a current shareholder of Franchise Group, Inc. (NASDAQ: FRG). You can fill out our online form below, call us at 484-270-1453 or email us at info@ktmc.com.