Landry’s urges shareholders to take Fertitta’s $1.3B offer

HOUSTON The board of Landry’s Restaurants Inc. is advising shareholders to vote in favor of the $21-a-share buyout offer that was tendered last month by chairman, chief executive and president Tilman J. Fertitta. The recommendation, which was included in a proxy statement filed Thursday, stresses that Fertitta had no part in the deliberations.

The board voted unanimously to recommend acceptance of the $415 million share purchase. Fertitta would also assume the

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