Landry's shareholders approve CEO buyout offer

10/5/2010 | Houston Chronicle (tiered subscription model)

Landry's Restaurants is slated to become a privately held company owned by CEO Tilman Fertitta, in a $1.4 billion buyout deal. Shareholders approved the offer Monday, capping a two-year buyout effort by Fertitta, who owns about 55% of the company he took public in 1993. At the time, Landry's operated nine eateries; today, the company owns more than 200 restaurants under several brands, as well as casinos, hotels and amusement venues.

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