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 more than 10 ...
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Contact: Desiree Torres Desiree.Torres@penton.com