Founder also objects to chain's planned sale to Private Capital Partners
Landry’s Restaurants Inc. has asked the bankruptcy court in the Claim Jumper reorganization to stop the chain's plans to sell its assets to an investor, arguing that it has a better offer. Also filing an objection in the casual-dining chain’s Chapter 11 reorganization was Claim Jumper founder Craig Nickoloff, a shareholder and previously spurned bidder for the chain, who said he is concerned about the lack of transparency in the sale agreement announced earlier this month. The ...
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