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OSI moves special meeting to May 15; shareholders to vote on $3.2 billion merger
By Lisa Kerner
Charlotte, N.C., May 8 - OSI Restaurant Partners, Inc. said it postponed the special meeting of stockholders until May 15 from May 8 in order to solicit additional votes.
At the meeting, shareholders of record as of March 28 will be asked to vote on the proposed merger with an investor group led by Bain Capital Partners, LLC, Catterton Management Co, LLC and certain members of management.
OSI's board of directors approved the merger agreement and recommends its shareholders do the same, according to a schedule 14A filing with the Securities and Exchange Commission.
Under the Nov. 6, 2006 merger agreement, OSI stockholders will receive $40.00 per OSI share in cash in a transaction valued at $3.2 billion.
OSI is a Tampa, Fla., casual dining restaurants company with a portfolio of brands, including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar, Roy's, Lee Roy Selmon's, Blue Coral Seafood & Spirits and Cheeseburger in Paradise.
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