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

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

Written by The Ashton Report

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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The Ashton Report