Landry's Restaurants Inc. chairman and chief executive Tilman J. Fertitta upped his offer to $24 a share to take the restaurant and gaming company private in a deal valued at $1.4 billion, the company said Monday. The latest offer marks the second time in a month Fertitta has increased his bid for the company. He boosted his offer to $21 a share from $14.75 in late April. Shares in Landry's (LNY) were up more than 13 percent at $24.70 in Monday morning trading following news of the increased ...
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Contact: Desiree Torres Desiree.Torres@penton.com