Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of California Pizza Kitchen, Inc., in Connec...
27 Maggio 2011 - 2:15AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
California Pizza Kitchen, Inc. (“CPK” or the “Company”)
(NASDAQ:CPKI) related to the Company’s agreement to be acquired by
an affiliate of Golden Gate Capital. The proposed transaction is
valued at approximately $470 million.
Under the terms of the definitive agreement entered into by the
parties, CPK shareholders will receive $18.50 in cash for each
share they own of the Company’s common stock. Under the terms of
the agreement, an affiliate of Golden Gate Capital will commence a
tender offer for all of the outstanding shares of the Company no
later than June 8, 2011. The transaction is expected to be
completed in the third quarter of 2011. The proposed transaction
was unanimously approved by the Company’s board of directors. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the proposed
transaction by CPK’s board of directors.
If you are a shareholder of CPK, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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