HOUSTON Frustrated in its initial attempt to acquire the New York-based Smith & Wollensky Restaurant Group, Landry's Restaurants Inc. has sweetened its per-share bid to $9.75, 50 cents higher than the bid the high-end steakhouse chain already had accepted from Patina Restaurant Group LLC earlier this month. Landry's had offered to buy S&WRG for $7.50 per share, or $64.5 million, before the $79.6 million offer from Patina had been tendered. The new offer amounts to $84 million.In its ...
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Contact: Desiree Torres Desiree.Torres@penton.com