FRG INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Announces Investigation into the Buyout Announcement by Franchise Group, Inc. and Encourages Investors in Franchise Group to Contact the Firm

Robbins Geller Rudman & Dowd LLP announces an investigation into potential breaches of fiduciary duty by the directors and officers of Franchise Group, Inc. (NASDAQ: FRG) in connection with the May 10, 2023 announcement by Franchise Group that it had agreed to be acquired by a management-led consortium for $30.00 per share – a more than 31% discount from Franchise Group’s 52-week high and a more than 23% discount from the median analyst price target.

If you are currently a Franchise Group investor and would like to learn more, you can provide your information here:

https://www.rgrdlaw.com/cases-franchise-group-inc-investigation-frg.html

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com.

THE COMPANY: Franchise Group, Inc. owns and operates franchise businesses, which includes Pet Supplies Plus, Wag N’ Wash, American Freight, The Vitamin Shoppe, Badcock Home Furniture & More, Buddy’s Home Furnishings, and Sylvan Learning. Franchise Group was formerly known as Liberty Tax, Inc., and changed its name to Franchise Group, Inc. in September 2019.

THE ACQUISITION: On May 10, 2023, Franchise Group announced that it had agreed to be acquired by a consortium led by Franchise Group’s CEO and director, Brian Kahn, as well as by Franchise Group’s executive vice-president, Andrew Laurence. Joining Kahn and Laurence’s management-led buyout are Vintage Capital Management, LLC, B. Riley Financial, Inc., and Irradiant Partners, LP. At the time of the announcement, Kahn and Laurence held more than 36% of the voting power of Franchise Group and, as previously noted, the proposed buyout price is significantly below Franchise Group’s 52-week high and the median analyst price target. If this buyout is consummated, Franchise Group common stock will be delisted from the Nasdaq Global Market and deregistered under the Securities Exchange Act of 1934.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller is one of the world’s leading complex class action firms representing plaintiffs in merger and securities fraud cases. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller tops the list. And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest merger and securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-corporate-takeover.html

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