Landry’s to buy Oceanaire Seafood Room

The 12-unit Oceanaire Seafood Room chain will be sold out of bankruptcy, pending court approval, to Landry’s Restaurants Inc. in a deal valued at about $23.6 million, according to Oceanaire’s chief executive.

Terry Ryan, president and chief executive of Oceanaire Inc., said on Friday that the company expected the confirmation hearing in the U.S. Bankruptcy Court for the Northern District of Texas to be held on April 26. The deal included $6.6 million for the restaurant loca

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