May 26, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Frischs Restaurants, Inc. (NYSEMKT:FRS), was announced concerning whether the takeover of Frischs Restaurants, Inc. by NRD Partners I, L.P for $34.00 per share is unfair to NYSEMKT:FRS stockholders.

The investigation by a law firm concerns whether certain officers and directors of Frischs Restaurants, Inc. (NYSEMKT:FRS breached their fiduciary duties owed NYSEMKT:FRS investors in connection with the proposed acquisition.

On May 22, 2015, Frisch's Restaurants, Inc. (NYSEMKT:FRS) and NRD Partners I, L.P., a private equity fund, announced an agreement pursuant to which an affiliate of NRD Partners I, L.P. will acquire all of the outstanding shares of Frisch's Restaurants, Inc. for $34.00 per share in cash, or approximately $175 million.

However, the investigation concerns whether the offer is unfair to NYSEMKT:FRS stockholders. More specifically, the investigation concerns whether the Frischs Restaurants Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Frisch's Restaurants, Inc. reported that its Total Revenue rose from $203.71 million for the 52 weeks period that ended on May 28, 2013 to $209.17 million for the 53 weeks period that ended on June 3, 2014 and that its Net Income for those respective time periods increased from $6.82 million to $9.43 million. Shares of Frisch's Restaurants, Inc. (NYSEMKT:FRS) grew from $16.39 per share in April 2013 to as high as $28.75 per share on May 19, 2015.