Resilient Media Entertainment

Tuesday, May 1, 2012

P.F. Chang’s China Bistro agrees to sell itself to private equity firm for $1.09B, go private


P.F. Chang’s is being acquired and taken private by a private equity firm in a deal valued at about $1.09 billion. Under the terms of the agreement released Tuesday, New York’s Centerbridge Partners LP will buy shares of P.F. Chang’s China Bistro Inc. for $51.50 each. The cash offer represents a 40 percent premium over the company’s Monday closing stock price. CONTINUE READING AS YOU ENTER THE WORLD OF @THEWASHINGTONPOST
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