Restaurant chain Benihana to go private for $296 million
Japanese-themed restaurant chain Benihana Inc plans to go private in a $296 million deal with investment adviser Angelo Gordon & Co, after struggling to convert strong sales growth into meaningful profits.
Benihana Inc., operator of the nation's largest chain of Japanese theme and sushi restaurants, has reported financial results for its twelve-week fiscal second quarter 2012, ended October 9, 2011.