Faruqi & Faruqi, LLP Announces Investigation of California Pizza Kitchen, Inc.

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating and monitoring the conduct of the Board of Directors of California Pizza Kitchen, Inc. (“California Pizza” or the “Company”) (NasdaqGS: CPKI) in relation to the sale of the Company to an affiliate of Golden Gate Capital, a private investment firm, for about $470 million. The proposed transaction offers California Pizza’s shareholders $18.50 per share in cash. According to Yahoo! Finance, at least one financial analyst has set a price target of $24.00 for California Pizza.