Harwood Feffer LLP Announces Investigation of P.F. Chang's China Bistro, Inc.
NEW YORK, May 1, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of P.F. Chang's China Bistro, Inc. ("P.F. Chang's" or the "Company") (NASDAQ: PFCB) concerning the proposed acquisition of the Company by Centerbridge Partners, L.P. ("Centerbridge") in a transaction valued at approximately $1.1 billion which will result in P.F. Chang's becoming a private company.
On May 1, 2012, it was announced that P.F. Chang's and Centerbridge have entered into a definitive agreement pursuant to which Centerbridge will acquire P.F. Chang's. Under the agreement, P.F. Chang's shareholders will receive $51.50 per share.
Our investigation concerns whether the P.F. Chang's board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own P.F. Chang's bshares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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