Dec 16 (Reuters) – Restaurant industry veteran Chief Executive Tilman Fertitta said he would take high-end steakhouse Morton’s Restaurant Group Inc private in a $117 million deal, marking his second acquisition in less than two months.
Fertitta, who already owns a 5 percent stake in Morton’s, offered $6.90 a share — a premium of about 34 percent to the stock’s Thursday close.
The deal adds another high-profile brand to Fertitta’s Landry’s Inc, which owns restaurant chains like McCormick & Schmick’s and Bubba Gump Shrimp. Fertitta also runs the Atlantic City casino Golden Nugget.
Full story: UPDATE 2-Fertitta to buy Morton’s steakhouse chain for $$117 mln | Reuters.