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J. Alexander's

Top 500 Chains

J. Alexander's

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Financing

J. Alexander’s rejects Ancora’s purchase offer

The board of directors said that the $11.75-per-share proposal “dramatically undervalues the company.”

Mario Gabelli puts his support behind a sale, saying that it’s too small to be public and hasn’t performed well, says RB’s The Bottom Line.

Large shareholder Ancora Advisors proposed paying $11.75 per share, saying the company would be better off private.

Jessica Hagler was named CFO as the company’s longtime CEO Lonnie Stout becomes executive chairman.

The decision could require restaurants to forego the tip credit for side work and untipped activities.

Longtime company executive promoted to the c-suite.

A new analysis also shows what differentiates a good user-generated review from a negative one.

The company says it will focus on organic growth after shareholders block a proposed merger with Ninety Nine Restaurants.