P.F. Chang’s China Bistro, Inc., Centerbridge Partners, L.P., Wok Parent L.L.C. and Wok Acquisition Corp., an affiliate of Centerbridge, completed the tender offer for all outstanding shares of P.F. Chang’s as of 5 p.m. Eastern Time on June 29.
At the time of expiration, about 17,819,727 shares of P.F. Chang’s common stock were tendered and not withdrawn, representing about 83.7% of all outstanding shares of P.F. Chang’s common stock. The tender price was $51.50 per share. Any shares of P.F. Chang’s that were not previously tendered will be cancelled and will be converted into the right to receive the same $51.50 per share in cash paid in the tender offer. P.F. Chang’s common stock will cease to be traded on the NASDAQ Global Select Market.
Scottsdale, Ariz.-based P.F. Chang’s operates its namesake restaurants and Pei Wei Asian Diners.
