Company's $76.6M offer tops two other bidders in bankruptcy auction
Landry’s Restaurants Inc. won the 45-unit Claim Jumper chain in a bankruptcy auction with a $76.6 million bid, beating offers from a private-equity firm and a group that included the casual-dining concept's founder, Craig Nickoloff. Following negotiations that went late into the night Thursday, Landry’s bid of $48.3 million in cash, $23.3 million in assumed liabilities and $5 million in letters of credit was deemed the highest and best offer. The proposed acquisition is ...
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Contact: Desiree Torres Desiree.Torres@penton.com