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Fertitta looks for lower price on his bid for Landry's

HOUSTON Landry's Restaurants Inc. said its chairman, president and chief executive, Tilman J. Fertitta, is negotiating to buy the company at a "substantially reduced price" from the $21 per share he offered in June. This marks the second time Fertitta has lowered his offer to purchase the 61 percent of the company’s shares he does not already own.

Landry's said on Tuesday that Fertitta had informed a special committee of the company's board that he was seeking a

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