Golden Gate Buys California Pizza Kitchen for $470M

Buyout shop Golden Gate Capital will pay $470 million for California Pizza Kitchen Inc., Reuters reported. The sale price of $18.50 a share represents a 32% premium to the 30-day average price prior to the search for a buyer, the company announced. But the sale price does fall below the company’s 52-week high of $20 per share. Moelis & Co. served as the financial adviser to California Pizza.

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