Landry’s Restaurants founder and CEO, Tilman Fertitta, is seeking to acquire McCormick & Schmick’s Seafood Restaurants, The Wall Street Journal reports. Fertitta’s $9.25-a-share offer will value the Oregon-based seafood restaurant and catering chain at about $137.3 million.
Fertitta, which intends to make the offer through a unit of Landry’s, LSRI Holdings, already owns about 10.1% of the restaurant chain, adds Reuters. He also has a financing commitment from Jefferies Group related to the offer.
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