Landry's sweetens offer for Smith & Wollensky

Landry's sweetens offer for Smith & Wollensky

HOUSTON Frustrated in its initial attempt to acquire the New York-based Smith & Wollensky Restaurant Group, Landry's Restaurants Inc. has sweetened its per-share bid to $9.75, 50 cents higher than the bid the high-end steakhouse chain already had accepted from Patina Restaurant Group LLC earlier this month.

Landry's had offered to buy S&WRG for $7.50 per share, or $64.5 million, before the $79.6 million offer from Patina had been tendered. The new offer amounts

Register to view the full article

Register to view this article

TAGS: Archive
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.