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CPKI California Pizza Kitchen, Inc. (MM)

18.51
0.00 (0.00%)
After Hours
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
California Pizza Kitchen, Inc. (MM) NASDAQ:CPKI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.51 0 00:00:00

Law Office of Brodsky & Smith, LLC Announces Investigation of California Pizza Kitchen, Inc.

26/05/2011 4:30am

Business Wire


California Pizza Kitchen (NASDAQ:CPKI)
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Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of California Pizza Kitchen, Inc. (“CPK” or the “Company”) (Nasdaq: CPKI) relating to the proposed acquisition by an affiliate of Golden Gate Capital (“Golden Gate”).

Under the terms of the transaction CPK shareholders would receive $18.50 in cash for each share CPK stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of CPK for not acting in the Company’s shareholders' best interests in connection with the sale process to Golden Gate. The transaction may undervalue CPK as CPK stock traded at $21.30 on April 23, 2010 and an analyst has set a price target of $24.00 for the Company.

If you own shares of CPK stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/292-cpki-california-pizza-kitchen-inc.html, or by calling toll free 877-LEGAL-90.

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