NEW
YORK, May 24, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Franchise
Group, Inc. (NASDAQ: FRG).
The Gross Law Firm has commenced an investigation into the
fairness of the acquisition of Franchise Group by Freedom VCM, Inc.
("Freedom"). On May 11, 2023, the
Company announced that it had entered into an agreement and plan of
merger (the "Merger") with Freedom, a consortium that includes
Franchise Group's CEO Brian Kahn, B.
Riley Financial, and Irradiant Partners. As a result of the Merger,
Franchise Group stockholders are anticipated to receive only
$30.00 per share in cash in exchange
for each share of Franchise Group. Our investigation concerns
whether the executives, directors, and controlling stockholders of
Franchise Group have harmed stockholders by causing the Company to
agree to the Merger, and whether all material facts have been
properly disclosed to stockholders.
FRANCHISE GROUP, INC. SHAREHOLDERS SHOULD CONTACT US HERE:
https://securitiesclasslaw.com/mna/franchise-group-information-request-form/
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original
content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-an-investigation-into-the-fairness-of-the-acquisition-of-franchise-group-inc-by-freedom-vcm-inc-301830352.html
SOURCE The Gross Law Firm
