- Franchise Group (NASDAQ:FRG) has received an unsolicited non-binding proposal to be acquired for a price of $30.00 per share in cash.
- The unnamed suitor has offered to acquire all of the outstanding shares of the common stock of the company for a price of $30/share in cash.
- The proposal is up for review by FRG board of directors. The company makes no assurance that the proposal will result in a transaction.