TAMPA A shareholder has sued OSI Restaurant Partners Inc. over the Outback Steakhouse parent’s pending $3.2-billion management-led buyout, alleging that the $40-a-share offer is “grossly unfair,” the Miami Herald reported Friday morning. The stakeholder, Robert Mann, demanded that the company secure higher proceeds for shareholders by auctioning itself off.When OSI’s buyout was first announced, the company noted that it would spend 50 days soliciting alternative offers. The results ...
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?