Faruqi & Faruqi, LLP Announces Investigation of California Pizza Kitchen, Inc.
28 Maggio 2011 - 2:00AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating and monitoring the
conduct of the Board of Directors of California Pizza Kitchen, Inc.
(“California Pizza” or the “Company”) (NasdaqGS: CPKI) in relation
to the sale of the Company to an affiliate of Golden Gate Capital,
a private investment firm, for about $470 million. The proposed
transaction offers California Pizza’s shareholders $18.50 per share
in cash. According to Yahoo! Finance, at least one financial
analyst has set a price target of $24.00 for California Pizza.
Request more information now by clicking here:
www.faruqilaw.com/CPKI
Whether the California Pizza’s Board of Directors breached their
fiduciary duties to California Pizza’s stockholders by failing to
conduct an adequate and fair sales process to sell the Company
prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues California Pizza’s shares and by
how much this proposed transaction undervalues the Company to the
detriment of California Pizza’s shareholders are the key focus of
this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in California Pizza and wish to obtain
additional information, please visit us at www.faruqilaw.com/CPKI
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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