HOUSTON, Sept. 30, 2021 /PRNewswire/ -- Today, SPB Hospitality, an industry-leading operator and franchisor of steakhouses, pizza and craft brewery restaurants, announced that it has completed the acquisition of J. Alexander's Holdings, Inc. (NYSE:JAX). Upon closing, each share of J. Alexander's common stock was converted into the right to receive $14.00 in cash per share, which equates to an equity value of approximately $220 million. The merger was overwhelmingly approved by J. Alexander's shareholders. J. Alexander's Holdings operates 47 upscale restaurants with award-w

J. Alexander's Holdings, Inc. (NYSE:JAX) (the "Company"), owner and operator of J. Alexander's, Redlands Grill, Stoney River Steakhouse and Grill and other restaurants, today provided a business update and reported results for the second quarter ended July 4, 2021. Mark A. Parkey, Chief Executive Officer of the Company, stated, "Our sales momentum in 2021 continues to be impressive, with sales for the second quarter of 2021 representing nearly 110% of sales in the second quarter of 2019. Further, our profit margins continue to be solid despite recent pressure on input costs. We're optimistic at this point that we've managed through the worst of the supply chain uncertainty and continue to

HOUSTON, July 2, 2021 /PRNewswire/ -- Today, 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.

Shareholders to Receive $14.00 Per Share in Cash J. Alexander's Holdings, Inc. (the "Company" or "J. Alexander's") (NYSE:JAX), owner and operator of J. Alexander's Restaurant, Redlands Grill, Stoney River Steakhouse and Grill and selected other restaurants, today announced that the Company entered into a merger agreement under which SPB Hospitality LLC ("SPB Hospitality") will acquire the Company in an all cash transaction valued at approximately $220 million. The Company's shareholders will receive $14.00 in cash per share of common stock of the Company, representing a 78% percent premium to the closing share price on February 9, 2021, the last trading day prior to the Company's announcem

  J. Alexander's Holdings, Inc. (NYSE:JAX) (the "Company"), owner and operator of J. Alexander's, Redlands Grill, Stoney River Steakhouse and Grill and other restaurants, today provided a business update and reported results for the first quarter ended April 4, 2021. Mark A. Parkey, Chief Executive Officer of the Company, stated, "I'm excited to announce that even with restaurant capacity restrictions in many markets our sales in March 2021 reached nearly 100% of sales for March 2019 and were over 155% of sales in March 2020 when the onset of the COVID-19 pandemic occurred. Further, for April 2021, sales were over 105% of the comparable period for 2019. We're optimistic that we will conti

SAN ANTONIO--(BUSINESS WIRE)--J. Alexander’s Holdings, Inc. (NYSE: JAX) (the Company), owner and operator of a multi-regional collection of upscale restaurants, is opening a Redlands Grill today in San Antonio at 17422 Fiesta Texas Drive in La Cantera Heights, a premier commercial and retail center. According to Mark A. Parkey, President and Chief Executive Officer of J. Alexander’s Holdings, Inc., the new Redlands Grill is a chef-driven, boutique-style restaurant bringing discerning guests a contemporary take on classic American cuisine. “We are pleased to formally open our new Redlands Grill,” Parkey said. “The new restaurant in La Cantera Heights is our second restaurant in S

NASHVILLE, Tenn.--(BUSINESS WIRE)--J. Alexander’s Holdings, Inc. (NYSE: JAX) (the “Company”), owner and operator of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill and other restaurants, today provided a business update and reported results for the fourth quarter and year ended January 3, 2021. Fiscal 2020 included 53 weeks as compared to 52 weeks in fiscal 2019, and the fourth quarter of fiscal 2020 included 14 weeks as compared to 13 weeks in the corresponding period of fiscal 2019. Mark A. Parkey, Chief Executive Officer of J. Alexander’s Holdings, Inc., stated, “As we approach the one-year anniversary of the mid-March 2020 mandated dining room closures after

NASHVILLE, Tenn.--(BUSINESS WIRE)--J. Alexander’s Holdings, Inc. (NYSE: JAX) (the Company), owner and operator of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill and other restaurants, today provided an update on its business and its strategic evaluation. Business Update As mentioned in its business update on December 14, 2020, the Company was impacted during its fourth quarter of fiscal 2020 by a second wave of required dining room closures and increased capacity restrictions in certain of the markets in which it operates arising from the novel coronavirus pandemic (COVID-19). As a result of those capacity constraints, the Company experienced downward trends in i

SAN ANTONIO, Texas--(BUSINESS WIRE)--J. Alexander’s Holdings, Inc. (NYSE: JAX) (the Company), owner and operator of a multi-regional collection of upscale restaurants, today announced that it will open Redlands Grill on March 29 in San Antonio at 17422 Fiesta Texas Drive in La Cantera Heights, a premier commercial and retail center. Mark A. Parkey, President and Chief Executive Officer of J. Alexander’s Holdings, Inc., said the new Redlands Grill will be a chef-driven, boutique-style restaurant emphasizing high-quality food and professional service. “We're pleased to announce the opening date for our second restaurant in San Antonio,” Parkey said. “From the moment guests enter o

NASHVILLE, Tenn.--(BUSINESS WIRE)--J. Alexander’s Holdings, Inc. (NYSE: JAX) (the Company), owner and operator of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill and other restaurants, today provided a business update with regard to the impact of the novel coronavirus outbreak (COVID-19). Business Update Recently, the Company has been impacted by a second wave of required dining room closures and increased capacity restrictions in certain of the markets in which it operates, including in Illinois, Kentucky, Michigan, Missouri, Pennsylvania, Maryland and Colorado. As of December 14, 2020, a total of 10 of the Company’s 46 locations are closed for indoor dining. In

4 - J. Alexander's Holdings, Inc. (0001617227) (Issuer)

4 - J. Alexander's Holdings, Inc. (0001617227) (Issuer)

4 - J. Alexander's Holdings, Inc. (0001617227) (Issuer)

4 - J. Alexander's Holdings, Inc. (0001617227) (Issuer)

4 - J. Alexander's Holdings, Inc. (0001617227) (Issuer)

4 - J. Alexander's Holdings, Inc. (0001617227) (Issuer)

4 - J. Alexander's Holdings, Inc. (0001617227) (Issuer)

4 - J. Alexander's Holdings, Inc. (0001617227) (Issuer)

4 - J. Alexander's Holdings, Inc. (0001617227) (Issuer)

4 - J. Alexander's Holdings, Inc. (0001617227) (Issuer)