RDG Capital head makes offer for Benihana-NY Post

March 16 (BestGrowthStock) – Russell Glass, founder and head of New
York investment firm RDG Capital, has offered to buy the
Japanese-themed restaurant Benihana Inc (BNHN.O: ) for $7 a
share, the NY Post said, citing a person familiar with the
matter.

Benihana shares closed on Monday at $5.88. The deal values
the company at $20.1 million, the Post said.

Glass, a former executive with Icahn Associates, made the
offer on Thursday to Benihana Chief Executive Officer Richard
Stockinger and Chairman Darwin Dornbush. He stated that he was
willing to buy the restaurant chain with the backing of private
equity partners, the paper said.

The offer would cover the company’s outstanding common and
Class A shares, the paper said.

Reuters was unable to reach the company and Russell Glass
for comment outside normal U.S. business hours.

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(Reporting by Amulya Nagaraj in Bangalore; Editing by Lisa Von
Ahn)

RDG Capital head makes offer for Benihana-NY Post