Landry’s ends buyout bid by founder Fertitta

HOUSTON Landry’s Restaurants Inc. said Monday it terminated the going-private bid by its founder and chief executive, and instead will refinance about $400 million in debt.

The company, which saw its shares fall 33.9 percent to close at $8.16 on Monday, said the pending buyout was scrapped because of a conflict with securities regulators that could have jeopardized the company’s alternative financing needed to restructure its debt. The U.S

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