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NEW YORK, July 2, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by J. Alexander's Holdings, Inc. (NYSE: JAX) and its board of directors concerning the proposed acquisition of the company by SPB Hospitality LLC. Stockholders will receive $14.00 for each share of J. Alexander's stock that they hold. The transaction is valued at approximately $220 million and is expected to close in the fourth quarter of 2021.