Chain & Commercial Operators Deals and M&A Operators The Ashton Report Whats Important Now: Report

Board Fights Advance At Red Robin, J. Alexander’s

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Written by The Ashton Report
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The activist investor groups pushing both Red Gourmet Burgers and J. Alexanders Holdings towards sales seemed to advance their causes last week. At casual-dining chain J. Alexander’s, 60% of shareholders voted “withhold” on two board directors, after they were targeted by activist investor firm Ancora Advisors. Ancora earlier tried to buy the chain, and said…

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