The Law Office of Joseph Klein Announces Investigation of California Pizza Kitchen, Inc. -- CPKI
02 June 2011 - 9:15AM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of California Pizza Kitchen, Inc. (Nasdaq: CPKI) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to an affiliate of
Golden Gate Capital. Under the terms of the deal, Golden gate
Capital will pay California Pizza shareholders $18.50 in cash per
share. The transaction has a total value of approximately $470
million.
The investigation concerns whether the California Pizza Board of
Directors breached their fiduciary duties to California Pizza
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Golden Gate Capital is
underpaying for California Pizza shares. At least one analyst set a
price target for California Pizza stock at $24.00 per share.
If you own common stock in California Pizza and wish to obtain
additional information, please contact Joseph Klein, Esq. directly,
via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005,
Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/california-pizza-kitchen.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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