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Smith & Wollensky shareholders approve Valenti deal

NEW YORK Shareholders of the publicly held Smith & Wollensky Restaurant Group Inc. have agreed to sell the luxury steakhouse brand to a consortium consisting of Patina Restaurant Group principals Nick Valenti and Joachim Splichal and Bunker Hill Capital LP.

The consortium agreed to pay $11 per share, or approximately $98 million for the eight-unit fine-dining company.

SWRG had been the target of a bidding war earlier this year between Patina

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