{"id":37069,"date":"2015-10-22T08:42:34","date_gmt":"2015-10-22T12:42:34","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=37069"},"modified":"2015-10-22T08:42:34","modified_gmt":"2015-10-22T12:42:34","slug":"ocharleys-llc-nasdaqchux-merged-with-fidelity-national-financial-subsidiary","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/ocharleys-llc-nasdaqchux-merged-with-fidelity-national-financial-subsidiary-37069","title":{"rendered":"O&#8217;Charley&#8217;s LLC (NASDAQ:CHUX) Merged With Fidelity National Financial Subsidiary"},"content":{"rendered":"<p style=\"text-align: justify;\">To make the best use of prevailing market conditions and get benefitted by Fidelity National Financial&#8217;s expertise in the field, <strong>O&#8217;Charley&#8217;s LLC (NASDAQ:CHUX)<\/strong> decided to execute a <a href=\"http:\/\/www.businesswire.com\/news\/home\/20120206005709\/en\/O%E2%80%99Charley%E2%80%99s-Merge-Subsidiary-Fidelity-National-Financial\">merger<\/a> transaction.<\/p>\n<p style=\"text-align: justify;\"><strong>Insights of This Merger<\/strong><\/p>\n<p style=\"text-align: justify;\">O&#8217;Charley&#8217;s signed a definitive agreement with <strong>Fidelity National Financial, Inc. (NYSE:FNF)<\/strong> to acquire all of its outstanding shares at an unbelievable price of $9.85 per share. As per the reports, the total deal value was about $221 million on a diluted basis. The price that O&#8217;Charley&#8217;s offered made the 42% of company&#8217;s stock price $6.92 at the end of the previous day, and 57% of its 20-day average price of $6.27.<\/p>\n<p style=\"text-align: justify;\">Board of Directors of O&#8217;Charley&#8217;s and Fidelity National Financial Subsidiary approved the transaction without any further delay.<\/p>\n<p style=\"text-align: justify;\">Senior management teams of both the companies were delighted to execute this transaction and hoped that it would open new ways for further growth. According to David W. Head, CEO &amp; President, O&#8217;Charley&#8217;s, this merger will result in a number of benefits for the company and its shareholders, including high value for shares. FNF is known for its expertise in long-term growth, which will help O&#8217;Charley&#8217;s achieve its objectives and live up to the expectations of stakeholders, partners and other key resources.<\/p>\n<p style=\"text-align: justify;\">According to William P. Foley II, Chairman, FNF, it&#8217;s a great step that will give an edge to both the companies over their rivals. After making an investment in American Blue Ribbons Holdings LLC, FNF was in need of a scalable, large investment. Thanks to O&#8217;Charley&#8217;s that it has got exactly what it wanted in the best possible way.<\/p>\n<p style=\"text-align: justify;\">With three established restaurant brands &#8211; O\u2019Charley\u2019s, Stoney River and Ninety Nine, and over 340 restaurant properties generating over $800 million revenues, O&#8217;Charley&#8217;s LLC is the best company to get associated with.<\/p>\n<p style=\"text-align: justify;\">Both FNF and O&#8217;Charley&#8217;s look forward to using their business expertise and monetize the prevailing market opportunities with each other&#8217;s help to generate extra growth opportunities in the long run.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To make the best use of prevailing market conditions and get benefitted by Fidelity National Financial&#8217;s expertise in the field, O&#8217;Charley&#8217;s LLC (NASDAQ:CHUX) decided to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":37070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3794,11827,3796,11826,11828],"stock_ticker":[],"class_list":["post-37069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-fidelity-national-financial-inc-nysefnf","tag-nasdaqchux","tag-nysefnf","tag-ocharleys-llc","tag-ocharleys-llc-nasdaqchux","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>O&#039;Charley&#039;s LLC (NASDAQ:CHUX) Merged With Fidelity National Financial Subsidiary - Wall 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