Dear Stockholder:California Pizza Kitchen, Inc. • June 8th, 2011 • Retail-eating places
On behalf of the Board of Directors of California Pizza Kitchen, Inc. (the “Company”), we are pleased to inform you that on May 24, 2011, the Company entered into a definitive merger agreement (the “Merger Agreement”) to be acquired by an affiliate of Golden Gate Capital (the “Purchaser”). Golden Gate Capital is a San Francisco-based private investment firm with a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures and recapitalizations. Pursuant to the terms of the Merger Agreement, the Purchaser today commenced a tender offer to purchase all of the outstanding shares of the Company’s common stock for $18.50 per share in cash, without interest.
