TAMPA Fla. Outback Steakhouse parent OSI Restaurant Partners' move to sell its six-unit Lee Roy Selmon's chain became the latest victim of the tightened credit markets, as the deal fell through because the buyers could not obtain financing. According to a June filing with federal regulators, OSI revealed that the purchase agreement, announced last October and expected to close last December, had expired.An investor group led by its NFL Hall of Famer namesake founder and Selmon’s ...
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Contact: Desiree Torres Desiree.Torres@penton.com