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Outback parent OSI to sell Lee Roy Selmon’s to ex-NFL star, chain’s president

TAMPA Fla. Outback Steakhouse parent OSI Restaurant Partners Inc. is selling an 80-percent stake in the six-unit Lee Roy Selmon’s smokehouse barbecue chain to its NFL Hall of Famer namesake-founder and Selmon’s president, Peter Barli.

OSI on Monday said it would retain a 20-percent stake in the upscale-casual Florida chain but did not give other terms of the spinoff, which is expected to close on Dec. 31, subject to a definitive purchase agreement.

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