NEW YORK, May 22, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Benihana, Inc. ("Benihana" or the "Company") (NASDAQ: BNHN) concerning the proposed acquisition of the Company by Angelo, Gordon & Co. ("Angelo Gordon") in a transaction valued at approximately $296 million.
On May 22, 2012, it was announced that Benihana and Angelo Gordon have entered into a definitive agreement pursuant to which Angelo Gordon will acquire Benihana. Under the agreement, Benihana shareholders will receive $16.30 in cash per share held.
Our investigation concerns whether the Benihana board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Benihana shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212) 935-7400 Email: [email protected] Website: http://www.hfesq.com
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.