Tuesday, March 30, 2010

RDG Captial raises Benihana bid to $8/shr

New York investment manager Russell Glass is so eager for a taste of Japanese steakhouse Benihana that he's turning up the heat on his unsolicited bid for the struggling restaurant chain to $8 a share from $7, The Post has learned.


Glass, a former executive with Icahn Associates who's now head of New York investment firm RDG Capital, made his sweetened sales pitch yesterday to Benihana CEO Richard Stockinger, Chairman Darwin Dornbush and independent director Ronald Castell, according to a person familiar with the matter.

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