Engel Law PLLC is investigating whether fair value to Franchise Group shareholders will result from the proposed acquisition of Franchise Group, Inc. (NASDAQ: FRG) by a consortium that includes Franchise Group management members, B. Riley Financial, Inc., and Irradiant Partners for $30.00 in cash for each Franchise Group share.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.