Landry's ends go-shop period with no proposals

By Lisa Kerner

Charlotte, N.C., Nov. 21 - Landry's Restaurants, Inc. said that despite discussions with various potential transaction partners, it did not receive any proposals during the go-shop period permitted under its merger agreement with Fertitta Holdings, Inc.

The go-shop period ended Nov. 17, according to a form 8-K filed with the Securities and Exchange Commission.

Fertitta Holdings is owned by the Houston-based restaurant company's chairman, president and chief executive officer, Tilman J. Fertitta.

In June, Landry's agreed to be acquired by Fertitta through Fertitta Holdings for $21 cash per share in a transaction valued at about $1.3 billion including debt of about $885 million.

Since then, Fertitta has announced negotiations with Jefferies & Co. regarding financing for his proposed purchase of Landry's at a "substantially" reduced price.

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