FRANCHISE GROUP MERGER ALERT: FRG Shareholders Interested in Pursuing Claims for Additional Consideration Should Contact Julie & Holleman Regarding Sale to Company Insiders

NEW YORK, May 10, 2023 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman LLP is investigating the proposed $30 per share acquisition of Franchise Group, Inc. (NASDAQ: FRG) by the company's senior management team. The firm is concerned about the price being offered as well as potential conflicts of interest.

For a free consultation and to learn more about our investigation, click here or visit:

https://julieholleman.com/?p=3012

Franchise Group owns and manages several retail outlets, including Pet Supplies Plus, Wag N' Wash, American Freight, The Vitamin Shoppe, Badcock Home Furniture & More, Buddy's Home Furnishings and Sylvan Learning. The company's largest shareholders include Brian R. Kahn and his private equity firm, Vintage Capital Management, LLC, who oversaw the acquisition of Franchise Group's various portfolio companies.

On May 10, 2023, Franchise Group announced that Kahn and other members of his management team reached a deal to buy out the company's other shareholders for just $30 per share, which values the company at approximately $2.6 billion. The per share deal price is less than the 52-week high trading price of $44.25 per share, and it's also less than a $35 per share price target established by financial analysts.

Julie & Holleman is concerned not only about the inadequate deal price, but also about the conflict of interest arising from the fact that public shareholders will get cashed out at an inadequate price while company insiders will retain their interest and share in the company's substantial upside potential.

The deal is expected to close in the second half of 2023.

If you would like more information about Julie & Holleman's investigation, please contact W. Scott Holleman at [email protected] or (929) 415-1020, or submit your contact information by clicking here.

Julie & Holleman is a boutique law firm that focuses on shareholder litigation, including derivative actions, mergers and acquisitions cases, securities fraud class actions, and corporate investigations. The firm's attorneys litigate in state and federal courts across the nation and have helped secure hundreds of millions of dollars for aggrieved companies and their shareholders. For more information about the firm, please visit https://www.julieholleman.com/. This notice may constitute attorney advertising. Past results do not guarantee future outcomes.

SOURCE Julie & Holleman LLP