PFChangs China Bistro News

After placing orders for P.F. Chang's China Bistro and Morton's , private equity is returning to the dinner table through Angelo, Gordon & Co's $16.30-a-share buyout of Benihana .

An investor in NASDAQ:PFCB shares filed a lawsuit against directors of P.F. Chang's China Bistro in effort to stop the proposed takeover of P.F. Chang's China Bistro by Centerbridge Partners, L.P. at $51.50 per NASDAQ:PFCB share.

Rick Tasman, a former chief operating officer of P.F. Chang's China Bistro, has become president and chief executive officer of Buca di Beppo.

The Withdrawal : Coty sent a letter to the Board of Directors of Avon Products withdrawing its acquisition proposal.

Centerbridge Partners Commences $51.50 Per Share Cash Tender Offer for All Outstanding Shares of P.F. Chang's China Bistro In connection with the previously announced merger agreement entered into to acquire P.F. Chang's China Bistro, Inc.

Shares of P.F. Chang's China Bistro opened at 51.445 on Thursday. P.F. Chang's China Bistro has a one year low of $26.10 and a one year high of $51.64. The company has a market cap of $1.088 billion and a P/E ratio of 37.91. The company last announced its quarterly results on Tuesday, May 1st.

P.F. Chang's China Bistro : P.F. Chang's China Bistro announced that it has entered into a definitive merger agreement with Centerbridge Partners in a transaction valued at approximately $1.1B, which will result in P.F. Chang's becoming a private company.

P.F. Chang's China Bistro, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation Of Acquisition By Centerbridge Partners, L.P. The deal will net P.F. Chang's a near 30% premium to its share price at Monday's close, representing the culmination of a share recovery in the restaurant chain's stock after recent M&A speculation.

In recent years, traders and investors have increasingly turned to social media to discuss their investments.

Shares of PF Chang's China Bistro are among the biggest market movers Tuesday, surging 30 percent to $51.57 after the restaurant chain agreed to be bought by a private equity firm.

P.F. Chang's China Bistro Inc., the biggest Asian full-service restaurant operator in the U.S. by market share, agreed to be taken private by Centerbridge Partners LP in a deal valuing the company at $1.1 billion.

PFCB has been the subject of a number of other recent research reports. Analysts at Barclays Capital raised their price target on shares of P.F. Chang's China Bistro from $35.00 to $42.00 in a research note to investors on Monday, April 16th.

Restaurant operator PF Chang's China Bistro Inc said it would go private in a $1.1 billion deal with private equity firm Centerbridge Partners.

P.F. Chang's is going private in a deal with a private equity firm that is valued at around $1.09 billion.