A Brian Kahn-led consortium completed the acquisition of the remaining 64% stake in Franchise Group, an American publicly traded holding company that acquires and manages mainly franchise companies, for $1.7bn. "This transaction is an exciting milestone for our company. The Special Committee and its advisors conducted an independent process and review of the strategic alternatives available to the Company, with a focus on obtaining the best outcome for public stockholders. We believe the proposed transaction delivers immediate and certain value for public stockholders at a significant premium to the unaffected share price, and we have the flexibility to explore other potential transaction opportunities during the go shop period under the Merger Agreement," Matt Avril, Franchise Group Chairman of the Board of Directors and the Special Committee.