Kirkland Reps Golden Gate In $470M Calif. Pizza Chain Buy

Law360, New York (May 25, 2011, 11:57 AM EDT) -- Golden Gate Capital LP announced a $470 million plan to buy California Pizza Kitchen Inc. on Wednesday that values the chain at 15 percent above its 30-day average share price, but drew an immediate vow from attorneys to investigate.

The plan — which would take CPK private — represents the product of a review by a special committee that vetted the pizza maker's options for over a year, the companies said, adding that the price maximizes shareholder value.

"Golden Gate Capital is a leading investor in...
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