Landry's CEO says patience is key
Houston hospitality titan Tilman Fertitta, owner of Landry's Restaurants, last week predicted his bid for McCormick & Schmick's would eventually bear fruit.
In an address Thursday at the Houston Chronicle 100event, Fertitta said his $137.3 million, recently extended offer at $9.25 a share for the 94-unit Portland, Ore.-based seafood chain would be accepted.
"When it's all over," he told the group, "I'll end up with it, because that's just the way it is."
Fertitta also told the group his strong acquisition record relied on not rushing the deal. "If you are just patient, the deals always come back to you," he said.