1. Activist Investor Marathon Slams Restaurant Deal

    Activist Investor Marathon Slams Restaurant Deal

    Activist investor Marathon Partners Equity Management LLC said the proposed transaction between restaurant operators J. Alexander’s Holdings Inc. and 99 Restaurants LLC is a rotten deal for shareholders. In a letter addressed to the board of J. Alexander’s seen by The Wall Street Journal, Marathon Partners, which holds a 6.3% stake in J. Alexander’s, said board members lacked the independence necessary to broker a fair deal for...

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