Investor discontent has led Benihana Inc. to explore a possible sale and other strategic alternatives, the company said Tuesday. Despite a renewal program over the past year at its flagship teppanyaki chain and approval of a merger plan to issue new shares, Benihana's chief executive Richard Stockinger said in a statement that “several large shareholders have expressed disagreement with the board and have indicated a desire to seek board membership to pursue a change in the ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?