HOUSTON Landry's Restaurants Inc. said Tuesday it had agreed to a $1.2 billion buyout offer from founder Tilman J. Fertitta, who has been trying to take the company private for more than a year. Fertitta, who is chairman, chief executive and president of Landry's and holds more than 55 percent of its stock, offered $14.75 in cash for each share he doesn't already own. The offer represents a 37-percent premium over Landry's closing share price of $10.76 on Monday. On news of the buyout, ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

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?

Contact:Desiree TorresDesiree.Torres@penton.com

Already registered? here.