Under the deal terms, J Alexander's will be merged with American Blue Ribbon, a newly-formed subsidiary of FNF, and then combined with the current restaurant activities of FNFa[euro](tm)s majority-held unit ABRH
J Alexander's Corporation (NASDAQ:JAX) disclosed on Monday that the "go-shop" period under its merger agreement with Fidelity National Financial Inc (NYSE:FNF) with a subsidiary of American Blue Ribbon Holdings Inc (ABRH), expired at Midnight Nashville time on 22 July 2012.
ABRH is a newly-formed, indirect majority-owned subsidiary of Fidelity.
"I think the telephone medium can be the salvation of a medium that some refer to as mature: the medium of newspapers," said Maguire, who is now senior vice president of a newspaper consulting firm, ABRH
Alexander's Corporation (NASDAQ:JAX) with a subsidiary of American Blue Ribbon Holdings Inc (ABRH), a newly formed, majority owned subsidiary of FNF.
Alexander's will be combined with the current restaurant operations of ABRH LLC (American Blue Ribbon), a majority-owned restaurant operating subsidiary of FNF with total annual revenue of approximately USD1.3bn.
Immediately after this tie-up, the firm will be combined with the current restaurant activities of FNFa[euro](tm)s majority-held unit ABRH LLC.
On the other hand, FNFa[euro](tm)s ABRH unit manages 674 restaurants in 43 states under six different concepts and has about USD1.3bn in annual revenue.
Fidelity, which owned 9.5% in Oa[euro](tm)Charleya[euro](tm)s prior to making the offer, was seeking to buy a large restaurant operator to add to its investment in American Blue Ribbons Holdings LLC (ABRH
), William P.