Analysts weigh in on CPK buyout

Most upbeat on deal with Golden Gate, but one investor group pushes for alternative plan

Securities analysts were generally positive that Golden Gate Capital’s proposed $470 million buyout of California Pizza Kitchen Inc. would be beneficial for the casual-dining brand’s turnaround.

However, at least one activist investor group expressed dissatisfaction and urged the company to consider other alternatives.

Los Angeles-based CPK announced the deal early Wednesday, saying the San Francisco-based private-equity firm would pay $18.50 a share for the company.

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