centerbridge partners

    P.F. Chang's to Go Private: Buyout Bid Adds a 30% Tip to Stock

    By Rick Aristotle Munarriz, The Motley Fool

    | 11:30AM 5/02/2012
    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.
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    Is Jeffrey Peek stepping down from CIT to keep the company alive?

    By Lita Epstein

    | 1:45PM 10/13/2009
    CIT Group (CIT) chairman and CEO Jeffrey Peek announced today that he plans to retire on December 31. The announcement comes right in the middle of closed-door negotiations as CIT tries to get bondholders to accept a massive debt swap or a prepackaged bankruptcy. If both options fail, CIT will head...
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