OSI Restaurant Partners (OSI) Postpones Special Meeting of Stockholders

May 8, 2007 10:55 AM EDT

OSI Restaurant Partners, Inc. (NYSE: OSI) has postponed the special meeting of stockholders regarding the proposed merger with an investor group comprised of investment funds associated with Bain Capital Partners, LLC and investment funds affiliated with Catterton Management Company, LLC, OSI's founders and certain members of its management. The meeting has been postponed to permit the solicitation of additional votes.

The special meeting of stockholders, previously scheduled for May 8, 2007, will now be held on May 15, 2007, at 11 a.m., Eastern Daylight Time, at A La Carte Event Pavilion, 4050-B Dana Shores Drive, Tampa, Florida 33634.

The board of directors, on the unanimous recommendation of the special committee of independent directors, has approved the merger agreement and recommends that OSI's stockholders vote "FOR" adoption of the merger agreement.

(As announced on November 6, 2006, OSI entered into a merger agreement with Kangaroo Holdings, Inc. and Kangaroo Acquisition, Inc. pursuant to which OSI's stockholders will be entitled to receive $40.00 in cash for each share they own, subject to closing of the transaction)

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