Benihana Inc. (BNHN) announced the completion of its acquisition by funds advised by the Private Equity Group of Angelo, Gordon & Co. Earlier today, Benihana's public company stockholders met and overwhelmingly approved the transaction. Each outstanding share of Benihana common stock was acquired for $16.30 per share in cash, valuing the acquisition at approximately $295 million.
The company said it is now a privately-held company and will no longer be listed on the NASDAQ national market.
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