Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of California Pizza Kitchen, Inc., in Connec...

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of California Pizza Kitchen, Inc. (“CPK” or the “Company”) (NASDAQ:CPKI) related to the Company’s agreement to be acquired by an affiliate of Golden Gate Capital. The proposed transaction is valued at approximately $470 million.

Under the terms of the definitive agreement entered into by the parties, CPK shareholders will receive $18.50 in cash for each share they own of the Company’s common stock. Under the terms of the agreement, an affiliate of Golden Gate Capital will commence a tender offer for all of the outstanding shares of the Company no later than June 8, 2011. The transaction is expected to be completed in the third quarter of 2011. The proposed transaction was unanimously approved by the Company’s board of directors. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by CPK’s board of directors.

If you are a shareholder of CPK, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

California Pizza Kitchen (NASDAQ:CPKI)
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