Also categorized in BoardNews:
Tensions with the Board Not the Norm, Say 98 Percent of CEOs
x hide permanently

Activist Investor Marathon Slams Restaurant Deal

wsj.com

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...

Mentions: Management Board of Directors