Tilman Fertitta ups buyout offer for Landry's again

Chairman also gains key shareholder vote on pending deal

Landry's Restaurant Inc. said Monday its chairman, Tilman J. Fertitta, had increased his offer to take the company private and won the support of a crucial hedge-fund shareholder that had opposed the deal.

Fertitta, who has made several attempts over the past two years to purchase the Houston-based company, raised his offer to $24.50 per share, a 50-cent increase from his last offer in May. The transaction is now valued at about $1.4 billion, Landry's said.

Landry's shares close

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