Landry's gets adviser to consider buyout by CEO

HOUSTON A special committee of the board of Landry’s Restaurants Inc. has retained Cowen and Co. as its independent financial adviser to consider the $1.3 billion proposal by chairman and chief executive Tilman J. Fertitta to take the company private.

Fertitta proposed a deal on Jan. 27 to acquire all outstanding common stock for $23.50 per share in cash, or about $380 million, representing a 40-percent premium over the stock’s Jan. 25 closing price. Including d

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