Landry's, Fertitta finally reach an agreement (Dealscape

A longtime suitor is finally getting Landry's Restaurants Inc. The Houston casual dining chain operator announced Tuesday that its CEO, Tilman Fertitta, is taking the company private for $1.2 billion in cash, or $14.75 per share.

Fertitta holds 55.1% of Landry's and the deal includes outstanding shares he does not already own, the company said. The offer price gives a 37% premium to Landry's closing price on Monday.

This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence.

Dig deeper, with Pipeline.

297 company pages related to Restaurants
260 in-depth reports of Auctions in the Food sector
32 articles related to Tilman Fertitta
10 in-depth transaction records for Landry's Restaurants Inc.
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Deutsche Bank
Birds Eye
Cadbury AG
Agrium Inc.
Skadden Arps
Revolution Money
Tandberg ASA
Aisling Capital
Ken Lewis
Natco

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? Landry's, Fertitta finally reach an agreement Posted on November 4, 2009 1:30 AM A longtime suitor is finally getting Landry's Restaurants Inc. The Houston casual dining chain operator announced Tuesday that its CEO, Tilman Fertitta, is taking the company private for $1.2 billion in cash, or $14.75 per share. Fertitta holds 55.1% of Landry's and the deal includes outstanding shares he does not already own, the company said. The offer price gives a 37% premium to Landry's closing price on Monday. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 297 company pages related to Restaurants 260 in-depth reports of Auctions in the Food sector 32 articles related to Tilman Fertitta 10 in-depth transaction records for Landry's Restaurants Inc. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.