Landry's Restaurants (LNY) Raises Offer for Smith & Wollensky (SWRG) to $9.75/Sh
Landry's Restaurants, Inc. (NYSE: LNY) sent a new letter to the Smith & Wollensky Restaurant Group, Inc. (Nasdaq: SWRG) offering to acquire the Smith & Wollensky Restaurant Group, through an appropriate acquisition entity by merger or otherwise, subject to certain terms and conditions, for $9.75 per share in cash. This offer represents a $.50 premium to the offer of the Patina Restaurant Group.
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