P.F. Chang's sells to Centerbridge for $1.1B

P.F. Chang's sells to Centerbridge for $1.1B

P.F. Chang's China Bistro Inc. said Tuesday that it has agreed to go private in a $1.1 billion deal with equity firm Centerbridge Partners L.P. of New York.

Scottsdale, Ariz.-based P.F. Chang’s said Centerbridge, which bought Rock Bottom Restaurants and Gordon Biersch Brewery Restaurant Group in November 2010, had agreed to acquire its stock for $51.50 a share, above the $40.79 its nearly 21.2

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