Law360, New York (May 01, 2012, 1:27 PM ET) -- Restaurant chain P.F. Chang's China Bistro Inc. will be taken private in a $1.1 billion deal with New York private equity firm Centerbridge Partners LP, the Scottsdale, Ariz.-based restaurant company said Tuesday.
Under the terms of the merger agreement, Centerbridge will pay $51.50 per share to take ownership of all P.F. Chang's stock — a 30 percent premium over the 30-day average closing price leading up to the announcement, the company said.
Centerbridge, which has already secured approval for its purchase from the chain's board, will...
Weil Gotshal Aids PE Firm's $1.1B Takeover Of PF Chang's
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