TAMPA A shareholder has sued OSI Restaurant Partners Inc. over the Outback Steakhouse parent‚Äôs pending $3.2-billion management-led buyout, alleging that the $40-a-share offer is ‚Äúgrossly unfair,‚ÄĚ the Miami Herald reported Friday morning. The stakeholder, Robert Mann, demanded that the company secure higher proceeds for shareholders by auctioning itself off.When OSI‚Äôs 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