Give Party G an A for effort.

One of the companies recently sidelined by a revised $78 million agreement for Fidelity National Financial to buy J. Alexander's isn't quitting the fight. In a document filed Monday with the Securities and Exchange Commission, the directors of West End-based J. Alexander's say they are considering a new unsolicited buyout offer received in the past few days from "Party G." That company is also a restaurant operator and was first contacted by investment bank Cary Street Partners on the late June day J. Alexander's announced it planned to sell to Fidelity National.

Party G has offered to pay $14 per share in cash for J. Alexander's, which would add another $6 million to the total value of Fidelity National's latest offer. J. Alexander's shares (Ticker: JAX) closed Monday trading at $13.01.

"In order to evaluate the proposal, the Company and the Board are seeking clarifications from Party G as to the terms and conditions of the proposed financing for the transaction and Party G’s ability to satisfy those terms and conditions as well as the solvency of the post-transaction combined entity," J. Alexander's said in its filing detailing Fidelity National's offer.

The financing of the unidentified bidder had been one of the stumbling blocks in the previous negotiations — search for "the afternoon of July 27" in the filing for a timeline of recent events — that ended with Fidelity National changing its cash-and-stock $12 offer to a $13 all-cash bid. Until last week, Party G had been considered a so-called "excluded party" that was negotiating with J. Alexander's as the local company moved forward with its Fidelity National agreement.