An investigation on behalf of investors of P.F. Chang's China Bistro (NASDAQ:PFCB) in connection with the takeover was announced and NASDAQ:PFCB stockholders should contact the Shareholders Foundation.

San Diego, CA, USA (May 14, 2012) -- The Shareholders Foundation announces that an investigation on behalf of investors in NASDAQ:PFCB shares was initated concerning whether the offer by Centerbridge Partners, L.P. to take over P.F. Chang's China Bistro at $51.50 per share and the takeover process are unfair to investors NASDAQ:PFCB shares.

Investors who purchased shares of P.F. Chang's China Bistro (NASDAQ:PFCB) prior to May 1, 2012 and currently hold any of those NASDAQ:PFCB shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigations by law firms concern whether certain officers and directors of P.F. Chang's China Bistro breached their fiduciary duties owed to PNASDAQ: PFCB investors in connection with the proposed acquisition.

On May 1, 2012, P.F. Chang's China Bistro, Inc. (NASDAQ: PFCB) announced that it has entered into a merger agreement with Centerbridge Partners, L.P. in a transaction valued at approximately $1.1 billion, which will result in P.F. Chang's becoming a private company. Under the terms of the proposed transaction, Centerbridge Partners will acquire all of the outstanding shares of P.F. Chang China Bistro's common stock for $51.50 per share in cash.
P.F. Chang's China Bistro, Inc. said the $51.50offer represents a premium of approximately 30% over the average closing share price of P.F. Chang's common stock for the 30 days ended April 30, 2012.

However, NASDAQ:PFCB shares traded in the end of 2010 as high as $52.86 per share, thus well above the current offer. In addition P.F. Chang's China Bistro’ has performed consistently well for its investors in the past. Its Total Revenue over the 4 past 52weeks filing period ranged from $1.19billion to $1.24billion and its Net Income from $27.43million to $46.61million.

Therefore the investigation for NASDAQ:PFCB investors concerns whether the proposed transaction is unfair to P.F. Chang's stockholders. Specifically, the investigation focuses on whether the P.F. Chang's China Bistro Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in P.F. Chang's China Bistro (NASDAQ:PFCB) and purchased their P.F. Chang's China Bistro shares prior to the announcement, have certain options and should contact the Shareholders Foundation.

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Media Contact:
Trevor Allen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
Web: www.shareholdersfoundation.com

This release was published on openPR.