Landry’s Tilman Fertitta offers all-cash buyout bid for seafood operator
McCormick & Schmick’s Seafood Restaurants Inc. received a $137.3 million buyout offer Monday from Tilman J. Fertitta and his LSRI Holdings Inc. group, which is a subsidiary of Landry’s Restaurants Inc. The offer includes an all-cash bid of $9.25 per share, a 30-percent premium to McCormick & Schmick’s per-share closing price of $7.21 on Friday. On Monday morning, shares jumped more than 29 percent to top Fertitta’s offer. Fertitta is the founder and chief ...
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