CPK Loses Buyer in American Securities Capital

According to the New York Post, “Talks between California Pizza Kitchen and a potential buyer are cooked, The Post has learned.”

“Private-equity firm American Securities Capital had been in exclusive talks to buy the restaurant chain but those have broken down — and the likelihood of the two sides reaching a deal is unlikely, according to a source close to the process. It’s not clear if CPK is now in discussions with any other suitors in its four months-long attempt to find a buyer.”