BNHN: Benihana Inc. Instablogs

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Wednesday, August 22, 2012, 7:02 AM Benihana (BNHN) announces the completion of its go-private buyout from Angelo, Gordon, and Co. The tidy premium the company received earlier this year along with peer P.F. Chang's China Bistro helped raise the profile of the restaurant sector. Comment! [M&A, Consumer]
Tuesday, July 3, 2012, 6:50 AM Benihana (BNHN) dividend alert: Declares $0.08/share quarterly dividend, in line with previous. Dividend yield 2.0%. For shareholders of record July 12; payable July 26; ex-div date July 10. (PR) Comment! [Dividends]
Tuesday, May 22, 2012, 9:05 AM Premarket gainers: BNHN +22%. STM +6%.
Losers: EXPR -22%. Comment! [On the Move]
Tuesday, May 22, 2012, 9:01 AM Shares of Benihana (BNHN) come off a trading halt to move up 21.3% premarket after receiving a go-private offer from Angelo, Gordon & Co. Following P.F. Chang's China Bisto own rocket ride after going private earlier this month, a number of other similar-sized restaurant sector names could be on watch. KONA, CHUX, BHRI, TXRH, CASA. 1 Comment [M&A, On the Move, Consumer]
Tuesday, May 22, 2012, 8:27 AM Benihana (BNHN) will go private, agreeing to be acquired by Angelo, Gordon & Co.'s Private Equity Group for ~$296M; the $16.30/share price represents a premium of 46% over the average closing price for the 30 days ended March 13, 2012, when BNHN announced it was exploring strategic alternatives. Trading halted. Comment! [M&A, Consumer]
Thursday, March 22, 2012, 12:23 PM Roth Capital says Benihana (BNHN +1.9%) could draw takeover offers after its board announced earlier this month that it would explore strategic alternatives. Roth believes that private equity firms as well as the company's management are lining up to potentially submit takeover bids. The firm increases its price target to $17.30 from $15 and reiterates a Buy rating. Comment! [On the Move]
Wednesday, March 21, 2012, 9:56 AM Restaurant chain Benihana (BNHN), working with Jefferies to explore a possible sale, would make for the industry’s most expensive takeover above $200M since before the recession, Bloomberg calculates. But BNHN is cheaper than nearly all its peers relative to the cash it generates, and operating margins leave room for improvement under new management. Comment! [Consumer, M&A]
Tuesday, March 13, 2012, 3:50 PM Shares of Benihana (BNHN +2.7%) spike up after the company announces that it's exploring strategic options for itself, including a possible sale. Jefferies has been hired to assist the firm in the process. Comment! [Consumer, On the Move]
Monday, August 31, 2009, 4:15 PM Benihana (BNHN): FQ1 EPS of $0.05 misses by $0.05. Revenue of $96M (+2%) vs. $97M. Sees full-year EPS of $0.40-0.45 vs. $0.46, and full-year revenue of $305M-310M vs. $323M. (PR) Comment!

BNHN Benihana Inc.

BNHN

Benihana Inc.