McCormick & Schmick's founders' decision to take the company public as it pushed to expand the upscale seafood chain nationally made it ripe for a takeover attempt such as the spurned $137.3 million offer by Landry's Restaurants last week, especially as the company struggles to recover from a recession that took a bite out of sales and traffic. This article explores the chain's rise from a single Oregon eatery founded in 1972 by Bill McCormick and Doug Schmick to a 95-unit chain.

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