Landry's (LNY) Enters Merger Agreement With CEO at $14.75/Share
Landry's Restaurants, Inc. (NYSE: LNY) entered into a definitive merger agreement with a company wholly-owned by Tilman J. Fertitta, Chairman, Chief Executive Officer and President of Landry's. Pursuant to the agreement, the Fertitta company has agreed to acquire all of Landry's outstanding common stock not already owned by Mr. Fertitta for $14.75 per share in cash.
The offer price represents a premium of approximately 37% over the closing share price of Landry's common stock on November 2, 2009.
On November 2, 2009, Mr. Fertitta beneficially owned approximately 55.1% of Landry's outstanding shares of common stock.
You May Also Be Interested In
- Facebook (FB) Could Boost Revs with This Potential Acquisition...
- UPDATE: SAP's (SAP) America Unit to Buy Ariba (ARBA) for $45/Share
- UPDATE: RR Donnelley (RRD) to Buy Edgar Online (EDGR) for $70.5M
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
