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. The ...
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