Executives of Texas Land & Cattle and Lone Star Steakhouse have bought the brands from private-equity firm Lone Star Funds and plan to continue repositioning the two concepts, the companies said Monday. Plano, Texas-based Day Star Restaurant Group, owned by Scott Smith, chairman and chief executive, and Tim Dungan, president and chief financial officer, bought the 105 units on Dec. 24 from the Dallas-based Lone Star. Terms of the deal were not disclosed. Lone Star Funds had acquired Lone ...

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