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Fertitta Entertainment/Landry's


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Tilman Fertitta has inked a deal with Morton's Restaurant Group Inc. to acquire the company in a deal that values the restaurant chain at $117 million.

Fertitta — the largest shareholder in the restaurant chain — will pay $6.90 a share, a premium of about 34 percent to Morton's Thursday close.

Fertitta, CEO of Houston-based Landry's Restaurant Inc., will finance the transaction through a combination of cash and debt, for which it has arranged financing, and expects to close the transaction in early February 2012.

http://www.bizjourna...ana=e_hstn_rdup

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  • 3 weeks later...

Now this...

Fertitta fires McCormick execs, closes restaurants

Houston-based Landry’s Inc. moved quickly to trim McCormick & Schmick's Seafood Restaurants Inc.

Landry’s closed a $131 million deal to acquire the Portland restaurant chain Jan. 4 and quickly moved to terminate executives including CEO Bill Freeman, co-founderWilliam McCormick and others.

It also closed at least nine restaurants, according to a source familiar with the situation.

http://www.bizjourna...du&ana=e_du_pub

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  • The title was changed to Landry's Liquidating Joe's Crab Shack
  • The title was changed to Fertitta Entertainment/Landry's

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