Fertitta pulls McCormick & Schmick’s offer

Fertitta pulls McCormick & Schmick’s offer

The investor and Landry’s owner will work with seafood chain on a possible deal

Houston hospitality magnate Tilman J. Fertitta terminated his tender offer for shares of McCormick & Schmick’s on Friday and said he would participate in the seafood operator’s announced sale process.

Fertitta’s LSRI Holdings, Inc., a subsidiary of Landry’s Inc., in early April had offered $137.3 million, or $9.25 per share, for McCormick & Schmick’s Seafood Restaurants Inc. The Portland, Ore.-based seafood restaurant operator rejected the bid and

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