Fertitta offers to buy Landry’s in $1.3B deal

HOUSTON Tilman J. Fertitta, chairman, president and chief executive of Landry's Restaurants Inc., has offered to buy the casual-dining company in a deal worth $1.3 billion, including the company's debt.

Fertitta, in a letter received Sunday by the board, proposed acquiring all of the company's outstanding common stock for $23.50 per share in cash, representing a 41-percent premium over the Jan. 25 per-share closing price.

Fertitta, who already owns 39

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish