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BNHN vs. ETF Alternatives
Wednesday, Aug 222012, 7:02 AM
Tuesday, May 222012, 9:01 AMShares 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. |Tuesday, May 222012, 9:01 AM| 1 Comment
Tuesday, May 222012, 8:27 AMBenihana (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. |Tuesday, May 222012, 8:27 AM| Comment!
Wednesday, Mar 212012, 9:56 AMRestaurant 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. |Wednesday, Mar 212012, 9:56 AM| Comment!