Landry’s Restaurants Inc. will buy the Portland-based McCormick & Schmick’s restaurant chain in a $131.6 million deal.
Landry’s Restaurants Inc. will buy the Portland-based McCormick & Schmick’s restaurant chain in a $131.6 million deal.
The deal is valued at $8.75 a share–a serving less than the $9.25-a-share deal Fertitta originally made in a hostile takeover bid earlier this year.
The deal, which was unanimously approved by McCormick & Schmick’s board, Â is expected to close by next month or early January.
Read more at OregonLive.com.
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