Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Landry's Restaurants, Inc.
25 Maio 2010 - 3:42PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Landry’s Restaurants, Inc. (“Landry’s” or the “Company”) (NYSE:LNY)
related to the Company’s agreement to be acquired by a company
wholly owned by Tilman J. Fertitta (“Fertitta”) – Landry’s
Chairman, President and Chief Executive Officer. The proposed
all-cash transaction is valued at approximately $1.4 billion.
Under the terms of the merger agreement entered into by the
parties, the Fertitta company will acquire all of the Landry’s
outstanding common stock not already owned by Tilman J. Fertitta
for $24.00 per share in cash. As of May 23, 2010, Fertitta
beneficially owned approximately 55% of the Company’s outstanding
shares of common stock. The investigation concerns possible
breaches of fiduciary duty and other violations of law related to
approval of the transaction by the Landry’s board of directors.
If you own shares of Landry’s, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020
by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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