TAMPA Fla. OSI Restaurant Partners LLC, the parent of Outback Steakhouse and other brands, said today it had agreed to sell the majority of its stake in the six-unit Lee Roy Selmon’s chain to an entity led by Outback Steakhouse founders Bob Basham and Chris Sullivan. Terms of the deal, which at press time were still subject to a definitive purchase agreement, were not disclosed. A company spokeswoman had no further comment.Lee Roy Selmon, founder of the brand known for Southern ...
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Contact: Desiree Torres Desiree.Torres@penton.com