Investment firm acquires 6.3% stake in McCormick & Schmick's

Discovery Group, a Chicago-based investment firm, acquired a 6.3-percent stake in McCormick & Schmick’s Seafood Restaurants Inc. in what some see as a move to take advantage of an expected higher sale price.

Last week, Houston hospitality magnate Tilman Fertitta withdrew his unsolicited tender offer for the seafood chain, although he said his attempts to complete an acquisition will

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