DELAWARE, Ohio, March 20, 2023 (World NEWSWIRE) — Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) these days declared that it has been given an unsolicited non-binding proposal, which is subject to certain conditions, to acquire all of the outstanding shares of the popular inventory of the Company for a price tag of $30.00 for every share in hard cash.
The Board of Directors will cautiously assess the proposal to decide the course of action that it thinks is in the most effective interests of the Organization and all FRG stockholders. The Company makes no assurance that the proposal will final result in a transaction.
About Franchise Team, Inc.
Franchise Team is an operator and operator of franchised and franchisable organizations that constantly appears to mature its portfolio of manufacturers whilst employing its operating and funds allocation philosophy to create solid money movement for its shareholders. Franchise Group’s small business strains include Pet Provides Plus, Wag N’ Clean, American Freight, The Vitamin Shoppe, Badcock Household Household furniture & A lot more, Buddy’s Household Furnishings and Sylvan Studying. On a mixed foundation, Franchise Group presently operates above 3,000 places predominantly positioned in the U.S. that are possibly Firm-operate or operated pursuant to franchising and dealer agreements.
Forward-Wanting Statements
This push release incorporates forward-searching statements within just the indicating of the Personal Securities Litigation Reform Act of 1995. Forward-searching statements include things like, without having limitation, projections, predictions, expectations, or beliefs about long run events or outcomes and are not statements of historic actuality. These types of statements may perhaps include things like statements about the Company’s evaluation of the non-binding proposal. This sort of ahead-wanting statements are based mostly on several assumptions as of the time they are built, and are inherently topic to known and unfamiliar threats, uncertainties and other components that might bring about genuine outcomes, overall performance or achievements to be materially unique from any foreseeable future final results, effectiveness or achievements expressed or implied by these types of ahead-hunting statements. Forward-seeking statements are typically accompanied by phrases that convey projected future events or results this sort of as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” “intend,” “will,” “may,” “view,” “opportunity,” “potential,” or words of similar that means or other statements concerning viewpoints or judgment of the Company or its administration about future situations. Despite the fact that the Organization believes that its anticipations with respect to ahead-looking statements are primarily based upon sensible assumptions within the bounds of its existing expertise of its business and operations, there can be no assurance that real benefits, overall performance, or achievements of the Business will not differ materially from any projected potential final results, efficiency or achievements expressed or implied by this kind of forward-looking statements. True long run final results, overall performance or achievements may perhaps differ materially from historic effects or those people anticipated depending on a variety of aspects, a lot of of which are past the handle of the Firm. The Enterprise refers you to the “Risk Factors” and “Management’s Discussion and Assessment of Monetary Condition and Final results of Operations” sections of the Company’s Type 10-K for the fiscal 12 months finished December 31, 2022, and comparable sections of the Company’s Quarterly Reviews on Type 10-Q and other filings, which have been submitted with the SEC and are available on the SEC’s web page at www.sec.gov. All of the forward-on the lookout statements created in this press release are expressly skilled by the cautionary statements contained or referred to herein. The true final results or developments predicted could not be recognized or, even if considerably realized, they may well not have the envisioned implications to or results on the Enterprise or its enterprise or operations. Audience are cautioned not to count on the ahead-searching statements contained in this push release. Forward-wanting statements talk only as of the date they are manufactured and the Organization does not undertake any obligation to update, revise or explain these forward-wanting statements, regardless of whether as a end result of new information and facts, long run situations or or else.
Trader Relations Make contact with:
Andrew F. Kaminsky
EVP & Main Administrative Officer
Franchise Group, Inc.
[email protected]
(914) 939-5161
