Law360, New York (May 22, 2012, 2:28 PM ET) -- Miami-based Benihana Inc., which operates several Japanese and sushi restaurant chains, has agreed to sell itself to New York-based private equity firm Angelo Gordon & Co. for $296 million, Benihana said Tuesday.
The restaurant owner said alternative investment advisory firm Angelo Gordon had agreed to acquire all outstanding shares of Benihana for $16.30 per share in cash.
The price is a 23 percent premium over Benihana's Monday closing price of $13.30 on the Nasdaq. It's also a 46 percent premium over Benihana's average closing price for...
Kirkland Helps Angelo Gordon With $296M Benihana Buy
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