Steakhouse brand the latest restaurant company to consider a sale
Morton’s Restaurant Group Inc., the parent company of 77 high-end steakhouses, said Wednesday it is exploring strategic options, including a possible sale. The Chicago-based company, which has been public since February 2006, said the strategic review has the support of its two largest shareholders, Castle Harlan Inc. and Laurel Crown Partners LLC. Morton’s also said it has retained Jefferies & Company Inc. as financial adviser. Morton’s saw a turnaround in sales last ...
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