TAMPA A shareholder has sued OSI Restaurant Partners Inc. over the Outback Steakhouse parentâ€™s pending $3.2-billion management-led buyout, alleging that the $40-a-share offer is â€śgrossly unfair,â€ť the Miami Herald reported Friday morning. The stakeholder, Robert Mann, demanded that the company secure higher proceeds for shareholders by auctioning itself off.When OSIâ€™s buyout was first announced, the company noted that it would spend 50 days soliciting alternative offers. The results ...
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Contact: Desiree Torres Desiree.Torres@penton.com