Company examining strategic options after rejecting hostile bid
McCormick & Schmick’s Seafood Restaurants Inc. said Monday it would pursue a possible sale of the company or other strategic alternatives after rejecting a $137.3 million hostile takeover attempt last month. During a call with securities analysts to discuss first quarter results, Bill Freeman, McCormick & Schmick’s chief executive, declined to discuss the hostile bid by Tilman Fertitta of Landry’s Restaurants Inc., an offer its board said undervalued the ...
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