{"id":757362,"date":"2023-05-10T12:00:57","date_gmt":"2023-05-10T16:00:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-franchise-group-inc-buyout-and-encourages-investors-to-contact-the-firm-frg\/"},"modified":"2023-05-10T12:00:57","modified_gmt":"2023-05-10T16:00:57","slug":"shareholder-alert-kaskela-law-llc-announces-investigation-of-franchise-group-inc-buyout-and-encourages-investors-to-contact-the-firm-frg","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-franchise-group-inc-buyout-and-encourages-investors-to-contact-the-firm-frg\/","title":{"rendered":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Franchise Group, Inc. Buyout and Encourages Investors to Contact the Firm \u2013 FRG"},"content":{"rendered":"<div class=\"mw_release\">\n<p>PHILADELPHIA, May  10, 2023  (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating Franchise Group, Inc. (NASDAQ: FRG) (\u201cFranchise Group\u201d) on behalf of the company\u2019s shareholders.<\/p>\n<p>On May 10, 2023, Franchise Group announced that it would be acquired by an investment consortium led by the company\u2019s Chief Executive Officer (\u201cCEO\u201d) at a price of <strong><em>$30.00 per share \u2013 a less than 4% premium<\/em><\/strong> to the stock\u2019s closing price the prior day.\u00a0\u00a0<\/p>\n<p>Notably, shares of Franchise Group\u2019s stock traded above $32.00 per share as recently as January 2023, and above $43.00 per share less than one year ago. Following the closing of the proposed transaction, Franchise Group investors will be cashed out of their investment position and the company\u2019s shares will no longer be publicly traded.<\/p>\n<p>The investigation seeks to determine whether Franchise Group shareholders will be receiving appropriate consideration for their FRG shares, and whether Franchise Group\u2019s directors breached their fiduciary duties or violated the securities laws in agreeing to sell the company at $30.00 per share.<\/p>\n<p>\n        <strong><br \/>\n          <em>Franchise Group<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em> shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>229 \u2013 0750, or by email (<\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3KIKQgTmY4oQkR9xZmDzO3n1Yes3Emk4DdevLUtSMkLm86SIst2Oasm0kvZ6WqKjOrryvzQ_lN7yV64tCpefmRClEE41NEpj-iuYbh4dYHE=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>skaskela@kaskelalaw.com<\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em> \/ <\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mbfEqarUmJ-uwvAni2Te6f6lCq05inkti7iIb2E4CRGtw_THt4boED-dyuYESutdfSateAtAnK8eSYgyQxtVMntULmLp0z5Q-sS5sUgXX7M=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>abell@kaskelalaw.com<\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em>) or online at <\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZqbomO2y73owPXtI3OF9SC9v_lmugt5ttdkiKF8bqtrkVC6gJSx1KFpL5LzjfdbKalylFNkoOpHGDYz3PM8A5rVhK4nlhzfTzx9ylBkeDYMrfdy_hA7miYW4mrF0oNx-KOqsvcVI2Gbc3WdrWDyJcPXIX29pO18MwDBlKxm4EyY=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>https:\/\/kaskelalaw.com\/cases\/franchise-group-inc\/<\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em> , for additional information about this investigation and their legal rights and options.<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger &amp; acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=STeLRAJtRD3CyYrVX9vN3nVYeCvlxNi35KfUteMXdwM5cnerngYldnLnuWeyl9ewVpRxfV50xZlne4m__9gxDCZujI7wR2yo6pir_sA_eg4=\" rel=\"nofollow noopener\" target=\"_blank\">www.kaskelalaw.com<\/a>.<\/p>\n<p>\n        <strong>CONTACT:<\/strong>\n      <\/p>\n<p>\n        <strong>KASKELA LAW LLC<\/strong><br \/>\n        <br \/>D. Seamus Kaskela, Esq.<br \/>Adrienne Bell, Esq.<br \/>18 Campus Blvd., Suite 100<br \/>Newtown Square, PA 19073<br \/>(888) 715 \u2013 1740<br \/>(484) 229 \u2013 0750<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=STeLRAJtRD3CyYrVX9vN3po7RT6ovAXE5iNvVZpOBR_WwKYhaVUR1fkJJm3dOOUlpWHo9O7QKOcj0XAG2CatgpjtyQDw5r3cHUsSoDs920g=\" rel=\"nofollow noopener\" target=\"_blank\">www.kaskelalaw.com<\/a><\/p>\n<p>This notice may constitute attorney advertising in certain jurisdictions.<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNjMyOCM1NTg3MTgwIzIwOTk5MzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YThlNjA5MjktZTI1OS00YjY3LTg0MTktYTk2YmYyOTg5OGIxLTExMTE1MDY=\/tiny\/Kaskela-Law.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, May 10, 2023 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating Franchise Group, Inc. (NASDAQ: FRG) (\u201cFranchise Group\u201d) on behalf of the company\u2019s shareholders. On May 10, 2023, Franchise Group announced that it would be acquired by an investment consortium led by the company\u2019s Chief Executive Officer (\u201cCEO\u201d) at a price of $30.00 per share \u2013 a less than 4% premium to the stock\u2019s closing price the prior day.\u00a0\u00a0 Notably, shares of Franchise Group\u2019s stock traded above $32.00 per share as recently as January 2023, and above $43.00 per share less than one year ago. Following the closing of the proposed transaction, Franchise Group investors will be cashed out of their investment position and the company\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-franchise-group-inc-buyout-and-encourages-investors-to-contact-the-firm-frg\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Franchise Group, Inc. Buyout and Encourages Investors to Contact the Firm \u2013 FRG&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-757362","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Franchise Group, Inc. Buyout and Encourages Investors to Contact the Firm \u2013 FRG - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-franchise-group-inc-buyout-and-encourages-investors-to-contact-the-firm-frg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Franchise Group, Inc. Buyout and Encourages Investors to Contact the Firm \u2013 FRG - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, May 10, 2023 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating Franchise Group, Inc. (NASDAQ: FRG) (\u201cFranchise Group\u201d) on behalf of the company\u2019s shareholders. On May 10, 2023, Franchise Group announced that it would be acquired by an investment consortium led by the company\u2019s Chief Executive Officer (\u201cCEO\u201d) at a price of $30.00 per share \u2013 a less than 4% premium to the stock\u2019s closing price the prior day.\u00a0\u00a0 Notably, shares of Franchise Group\u2019s stock traded above $32.00 per share as recently as January 2023, and above $43.00 per share less than one year ago. Following the closing of the proposed transaction, Franchise Group investors will be cashed out of their investment position and the company\u2019s &hellip; Continue reading &quot;SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Franchise Group, Inc. 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On May 10, 2023, Franchise Group announced that it would be acquired by an investment consortium led by the company\u2019s Chief Executive Officer (\u201cCEO\u201d) at a price of $30.00 per share \u2013 a less than 4% premium to the stock\u2019s closing price the prior day.\u00a0\u00a0 Notably, shares of Franchise Group\u2019s stock traded above $32.00 per share as recently as January 2023, and above $43.00 per share less than one year ago. Following the closing of the proposed transaction, Franchise Group investors will be cashed out of their investment position and the company\u2019s &hellip; Continue reading \"SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Franchise Group, Inc. 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