Tripp Levy PLLC Investigates Acquisition of O'Charley's by Fidelity National Financial

NEW YORK, Feb. 6, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, notifies investors of O'Charley's Inc. (NASDAQ: CHUX) of potential claims of breaches of fiduciary duty and other violations of state law against the board of directors of O'Charley's in connection with the sale of the company to Fidelity National Financial, Inc. (NYSE: FNF).  It was announced today Fidelity acquired to acquire all of the outstanding common stock of O'Charley's that it does not currently own for $9.85 per share in cash. FNF currently owns 2,079,542, or 9.5%, of the outstanding shares of common stock of O'Charley's.

Under the terms of the definitive agreement, Fidelity intends to commence a tender offer for all of the outstanding shares of common stock of O'Charley's that it does not currently own on or about February 24, 2012. The initial tender is expected to expire on April 2, 2012, and to close shortly thereafter, assuming that shares that, combined with FNF's existing 9.5% ownership stake, represent more than a majority of the outstanding shares of O'Charley's are properly tendered and not withdrawn.

The investigation concerns whether the O'Charley's Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the company before entering into this transaction and whether Fidelity is underpaying for O'Charley's shares, thus unlawfully harming stockholders.

If you own O'Charley's common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975
Email: [email protected]

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE Tripp Levy PLLC

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