Centerbridge Takes Out Second Extension in P.F. Chang Deal
June 22, 2012
For the second time this month Centerbridge Partners has extended the expiration of its tender offer to acquire P.F. Chang's China Bistro (NASDAQ: PFCB) for $51.50 per share in cash, valuing the company at approximately $1.1 billion. Originally set to expire on June 20, Centerbridge now has until midnight EST on June 28. The proposed deal includes both the P.F. Chang's China Bistro and Pei Wei Asian Diner eateries.