Fidelity National Financial, Inc. and J. Alexander's Corporation Announce Completion of Merger
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.
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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