NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are 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 proposed deal, California Pizza Kitchen shareholders will receive $18.50 per share in cash for a total transaction value of approximately $470 million.
The investigation concerns whether the California Pizza Kitchen Board of Directors breached their fiduciary duties to California Pizza Kitchen stockholders by failing to adequately shop the Company before entering into this transaction and whether Golden Gate Capital is underpaying for California Pizza Kitchen shares. According to Thomson/First Call, at least one analyst set a price target for California Pizza Kitchen stock at $24.00 per share.
If you own common stock in California Pizza Kitchen and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/california-pizza-cpki.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.