Centerbridge Partners L.P. Friday announced that Wok Acquisition Corp has extended the time for expiration of its tender offer to acquire all of the outstanding shares of P.F Chang's China Bistro Inc (PFCB) at a price of $51.50 per share, in cash, till 5.00 p.m. New York time, on June 20, 2012.
The tender offer was previously scheduled to expire at midnight, New York City time, at the end of Tuesday, June 12, 2012.
Centerbridge Partners further noted that the time for expiry of the tender offer has been extended with the consent of P.F. Chang's, in connection with the planned syndication of the debt financing.
The company further added that as of the close of business on June 7, 2012, a total of approximately 903,207 shares of P.F. Chang's common stock were validly tendered and not properly withdrawn in the tender offer.
Centerbridge Partners further added that all other terms and conditions of the tender offer remain unchanged, including, without limitation, the tender of at least 83% of the outstanding shares of P.F. Chang's.
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