Weil Gotshal Aids PE Firm's $1.1B Takeover Of PF Chang's

Law360, New York (May 1, 2012, 1:27 PM EDT) -- 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...
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