Landry's Restaurants agrees to buyout
Landry's Restaurants has agreed to sell itself to its chairman and chief executive, Tilman Fertitta. The deal values Landry's, which owns Rainforest Cafe and operates the Golden Nugget Casino in Las Vegas, at $14.75 a share, or $238 million. Landry's said it would sell $550 million of debt to help finance the deal.
Food Business Review
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This story published in National Restaurant Association SmartBrief on 11/05/2009
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