Consumer | Corporate Finance Advisory

Benihana Declares Stock Dividend

  • Benihana Inc. (NASDAQ: BNHNA and BNHN) is the nation’s largest chain of Japanese theme and sushi restaurants including 59 Benihana restaurants, 7 Haru restaurants, and 13 Ra Sushi restaurants
  • The Board of Directors of Benihana retained TM Capital Corp. as its financial advisor to evaluate the Company’s dual class stock ownership structure
  • TM Capital advised the Board on the Company’s three-for-two stock split effected in the form of a Common stock dividend paid to both holders of Common and Class A Common Stock
  • Benihana’s stock dividend was paid on June 15, 2007 to holders of record as of June 1, 2007

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