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 million shares had closed at on Monday. In addition, P.F. Chang’s reported ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

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?

Contact:Desiree TorresDesiree.Torres@penton.com

Already registered? here.