HOUSTON, Oct. 6 /PRNewswire-FirstCall/ -- Landry's
Restaurants, Inc. (NYSE: LNY) ("Landry's") announced today the
closing of the transactions under the merger agreement with a
company wholly-owned by Tilman J.
Fertitta, Chairman, Chief Executive Officer and President of
Landry's. At the effective time of the merger, Landry's became a
wholly-owned subsidiary of the Fertitta company. As a result
of the merger, each share of Landry's outstanding common stock not
already owned by Mr. Fertitta was converted into the right to
receive $24.50 in cash, without
interest.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, as amended,
which are intended to be covered by safe harbors created thereby.
Stockholders are cautioned that all forward-looking statements are
based largely on Landry's expectations and involve risks and
uncertainties, some of which cannot be predicted or are beyond
Landry's control. Some factors that could realistically cause
results to differ materially from those projected in the
forward-looking statements include the outcome of any legal
proceedings that have been, or may be, instituted against Landry's
related to the merger agreement; risks that the transaction
disrupts current plans and operations and the potential
difficulties in employee retention as a result of the merger; the
ability to recognize the benefits of the merger; the effects of
local and national economic, credit and capital market conditions
on the economy in general, and on the gaming, restaurant and hotel
industries in particular; changes in laws, including increased tax
rates, regulations or accounting standards, third-party relations
and approvals, and decisions of courts, regulators and governmental
bodies; litigation outcomes and judicial actions; acts of war or
terrorist incidents or natural disasters; the effects of
competition, including locations of competitors and operating and
market competition; ineffective marketing or promotions, weather,
management turnover, higher interest rates and gas prices, negative
same store sales and other risks described in the filings of
Landry's with the Securities and Exchange Commission, including but
not limited to, Landry's Annual Report on Form 10-K for the year
ended December 31, 2009. Landry's may
not update or revise any forward-looking statements made in this
press release.
SOURCE Landry's Restaurants, Inc.
Copyright t. 6 PR Newswire