Shares of P.F. Chang's soared nearly 30% Tuesday after the restaurant chain agreed to be acquired by private equity firm Centerbridge Partners in a $1.1 billion deal. Here's what it all means for the rest of the dynamic casual dining industry.
On Monday, the company said it's "exploring its financial and strategic alternatives." That means it's seeking to restructure its capital or find a buyer/investor. That sent its shares up sharply. But investors may be getting ahead of themselves.