CPK to be sold for $470M to Golden Gate Capital

Private-equity firm also owns On The Border and Macaroni Grill

California Pizza Kitchen Inc. will be acquired for $470 million by private-equity firm Golden Gate Capital, the companies said Wednesday morning.

Under terms of the deal, San Francisco-based Golden Gate will pay $18.50 a share to acquire CPK, a price it said represents a 15-percent premium over the restaurant company’s 30-day average share price before the deal was announced. Golden Gate said it would begin its tender offer by June 8.

CPK’s share price was trading up

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish