The 12-unit Oceanaire Seafood Room chain will be sold out of bankruptcy, pending court approval, to Landry’s Restaurants Inc. in a deal valued at about $23.6 million, according to Oceanaire’s chief executive. Terry Ryan, president and chief executive of Oceanaire Inc., said on Friday that the company expected the confirmation hearing in the U.S. Bankruptcy Court for the Northern District of Texas to be held on April 26. The deal included $6.6 million for the restaurant locations ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!