McCormick & Schmick’s Seafood Restaurants Inc. on Wednesday rejected a $137.3 million hostile bid by Tilman J. Fertitta and a subsidiary of his Landry’s Restaurants Inc. Douglas Schmick, chairman of the 96-unit Portland, Ore.-based upscale seafood chain, said in a statement that McCormick & Schmick’s board “believes that the LSRI Holdings offer undervalues the company, is highly conditional, opportunistically timed and seeks to advance the financial and ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
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!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com