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Landry's Restaurants Inc. (LNY) Shares Surge 18% on Agreement to Sell Outstanding Common Shares to Fertitta Holdings, Article Posted on


Frisco, TX -- (ReleaseWire) -- 06/17/2008 -- announces the publication of “Landry's Restaurants Inc. Shares Surge 18% on Agreement to Sell Outstanding Common Shares to Fertitta Holdings”

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Landry's Restaurants Inc. Shares Surge 18%

”Landry's Restaurants Inc., a restaurant, hospitality, and entertainment company, owns and operates full-service casual dining restaurants in the United States.

“Landry's recently announced it has entered into a definitive agreement with Fertitta Holdings Inc., a newly formed holding company for Landry's Restaurants. Through this agreement, Landry's will sell all of the company's outstanding common stock for $21.00 per share in cash to the holdings company. Following the announcement, Landry's shares surged 18 percent in yesterday's trading to a high of $20.15, nearing the sale price level of the stock…”

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