Restoration Hardware, Catterton merger completed

CORTE MADERA, Calif. Restoration Hardware announced that the acquisition of the company by a group of investors including Catterton Partners and Gary Friedman, the company's chairman, president and ceo, has been completed. Under the terms of the merger agreement, which was approved by shareholders on June 12, all of the outstanding shares of common stock of Restoration Hardware, other than those exchanged by certain shareholders participating with Catterton Partners in the transaction, will receive $4.50 per share in cash.

As a result of the acquisition closing, Restoration Hardware's common stock will cease trading on NASDAQ prior to the opening of the market on June 18and will no longer be listed on NASDAQ.