Tilman J. Fertitta, owner of Landry’s Inc., said Friday he has agreed to buy Morton’s Restaurant Group Inc., the owner of the 77-unit steakhouse chain, for about $116.6 million. Fertitta said he has offered $6.90 per share for Morton’s outstanding stock, a 34-percent premium over Morton’s close of $5.16 a share on Thursday. Morton’s has 16.9 million outstanding shares that have traded between $4.18 and $7.75 in the past 52 weeks. Fertitta already owns about ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

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 NRN we ask that you register now. We promise it will only take a few minutes!

Already registered? here.