5/25/2010

Houston-based Landry's Restaurants has agreed to an offer from chairman and CEO Tilman Fertitta that would take the company private. Fertitta offered $24 per share for the 45% of the company that he doesn't already own. Under the agreement, which is contingent on shareholders dropping a lawsuit against Fertitta over a substantially lower offer last year, the company has 45 days to secure a better offer.

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