J. Alexander's rises well above buyout price
Investors appear to be interested in the alternative J. Alexander's buyout bid made last week by an unidentified company. That $14 offer would pay shareholders $1 more than Fidelity National Financial, which on Monday began its tender offer for J. Alexander's shares. On Tuesday, J. Alexander's (Ticker: JAX) rose almost 6 percent to $13.77, suggesting a good number of investors think there's a chance that our mystery bidder will succeed or — more likely — that Fidelity National will match the $14 on the table. Stay tuned.




