Mortons Steakhouse
Acquisition By Landry's Inc. On December 16, 2011, Morton’s Restaurant Group, Inc. announced that it has signed a definitive agreement with Tilman J. Fertitta’s wholly owned company Fertitta Morton’s Restaurants Inc. (”Fertitta”), an affiliate of Landry’s, Inc., whereby Feritta, through an acquisition subsidiary, will acquire all of the outstanding shares of Morton’s for $6.90 per share in cash, representing a premium of approximately 34% to the Company’s closing price on December 15, 2011 and a premium of approximately 30% to the weighted average 30-day trading price immediately preceding this announcement.
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