Fertitta offers to buy Landry’s in $1.3B deal

HOUSTON Tilman J. Fertitta, chairman, president and chief executive of Landry's Restaurants Inc., has offered to buy the casual-dining company in a deal worth $1.3 billion, including the company's debt.

Fertitta, in a letter received Sunday by the board, proposed acquiring all of the company's outstanding common stock for $23.50 per share in cash, representing a 41-percent premium over the Jan. 25 per-share closing price.

Fertitta, who already owns 39

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