Go-shop period ends for Landry's Restaurants

By Lisa Kerner

Charlotte, N.C., Aug. 1 - The go-shop process conducted by Cowen and Co. on behalf of Landry's Restaurants, Inc. ended on July 31.

Landry's said that despite discussions with potential transaction partners, no proposals were received.

In June, Landry's agreed to be acquired by Fertitta Holdings, Inc. for $21.00 cash per share in a transaction valued at approximately $1.3 billion, including debt of about $885 million.

Fertitta Holdings is wholly owned by Landry's chairman, president, chief executive officer and original founder, Tilman J. Fertitta, it was previously reported.

Fertitta, a 39% shareholder, originally offered to acquire Landry's for $23.50 per share in January.

Landry's is a Houston-based diversified restaurant hospitality and entertainment company.

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