O’Charley’s Inc. (NASDAQ:CHUX) recently inked a definitive agreement with Fidelity National Financial Inc. (NYSE:FNF). Under the agreement, Fidelity will acquire all the outstanding shares of O’Charley’s for a total equity value of approximately $221 million on a fully diluted basis.
The purchase price is at a 42% premium to O’Charley’s closing stock price of $6.92 on February 3, 2012 and at a 57% premium over the closing 20-day average trading price of $6.27. The transaction is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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