Patina group buys Smith & Wollensky for $79.6M

Patina group buys Smith & Wollensky for $79.6M

NEW YORK Smith & Wollensky Restaurant Group Inc. has agreed to be purchased by Patina Restaurant Group LLC in an all-cash merger valued at about $79.6 million, or $9.25 per share. The transaction comes about a month after Landry’s Restaurant Group of Houston offered to acquire “through merger or otherwise” the New York-based steakhouse

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