Cadwalader advised new client PW Partners in its recent acquisition of 5% of the common stock of BJ's Restaurants (NasdaqGS: BJRI), an American restaurant and brewhouse chain headquartered in Huntington Beach, California, and PW Partner's nomination of two nominees to stand for election as directors at BJ's 2024 annual meeting of stockholders. As noted in an official announcement yesterday, the parties subsequently entered into a cooperation agreement, pursuant to which BJ's engaged PW Partners to provide recommendations regarding cost structure and efficiencies to BJ's Restaurants and its board of directors. In connection with the execution of the cooperation agreement, PW Partners agreed to withdraw its nomination notice.
PW Partners is an investment management and advisory firm focused on cost structure analysis and long-term value creation for small and mid-cap companies.
The Cadwalader team was led by Corporate partners Steve Fraidin and Greg Patti, and included associates Jonathan Seliger and Claire McGuinness.