Landry's to buy McCormick & Schmick's

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The deal is valued at $8.75 a share–a serving less than the $9.25-a-share deal Fertitta originally made in a hostile takeover bid earlier this year.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,  is expected to close by next month or early January.

Read more at OregonLive.com.

{biztweet}mccormick schmick{/biztweet}

Last modified onMonday, 19 October 2015 11:40

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