Landry's CEO bids $137 million for McCormick & Schmick's

Landry's Restaurant founder and CEO Tilman Fertitta has made a $137 million all-cash offer to acquire McCormick & Schmick's Seafood Restaurants, a 96-restaurant company in which he already holds a 10.1% stake. Fertitta took Landry's private in a $1.4 billion deal last year, and the company has been in acquisition mode since, acquiring the Claim Jumper and Bubba Gump Shrimp chains last year and sealing a deal to acquire the Trump Marina Hotel Casino in Atlantic City from Trump Entertainment Resorts in February.

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