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SPB Hospitality Agrees to Acquire J. Alexander's Holdings Inc.


July 2, 2021
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$220 million transaction will build on the success of SPB Hospitality’s existing portfolio with the addition of polished casual brands
Houston, TX  (
SPB Hospitality, an industry leading operator and franchisor of steakhouses, pizza and craft brewery restaurants, announced that it has agreed to acquire J. Alexander’s Holdings Inc. [NYSE:JAX] at $14.00 per share in an all-cash merger, which equates to an equity value of approximately $220 million. This represents a 14% premium over J. Alexander’s closing price on July 1, 2021, which was the last trading day prior to entering into the definitive merger agreement. The transaction is expected to close early in the fourth quarter of 2021, subject to customary closing conditions including the approval of the merger by J. Alexander’s shareholders. ....

United States , District Of Columbia , Morgan Mcclure , Jim Mazany , Jp Morgan Securities , Configure Partners , J Alexander Holdings Inc , Piper Sandler Co , Berry Sims , Fortress Investment Group , Hunton Andrews Kurth , Stoney River Steakhouse , Redlands Grill , Overland Park Grill , Chief Executive Officer Jim , Managing Director , Fortress Investment , Piper Sandler , Old Chicago Pizza , Rock Bottom Restaurant , Gordon Biersch Brewery Restaurant , ஒன்றுபட்டது மாநிலங்களில் , மாவட்டம் ஆஃப் கொலம்பியா , மோர்கன் ம்க்க்லூர் , ஜ்ப் மோர்கன் பத்திரங்கள் , ஜு அலெக்சாண்டர் ஹோல்டிங்ஸ் இன்க் ,