Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of Landry's Restaurants Inc. - LNY
January 29 2008 - 2:53PM
PR Newswire (US)
LITTLE ROCK, Ark., Jan. 29 /PRNewswire/ -- Cauley Bowman Carney
& Williams, PLLC announces an investigation into the proposed
acquisition of Landry's Restaurants Inc. On January 28, 2008,
Landry's announced that it has received a takeover offer from its
Chairman, President and CEO Tilman Fertitta to acquire all of the
company's outstanding stock. Under the terms of the proposal,
Landry's shareholders would receive $23.50 per share in cash for
each share owned. This price per share represents an approximately
41% premium over the stock's closing price of $16.67 prior to
announcement of the acquisition. Cauley Bowman Carney &
Williams, PLLC Cauley Bowman is a national law firm that represents
investors in securities fraud and corporate governance class
actions. It is one of the country's premier firms in the area of
securities fraud having recovered billions of dollars for defrauded
investors and secured significant corporate governance reforms.
Cauley Bowman maintains in-house finance, forensic accounting
specialists and extensive trial experience. If you are a current
shareholder of Landry's Restaurants Inc. and would like to be
advised of your rights in this matter, you may contact Cauley
Bowman Carney & Williams, PLLC at the phone number below.
CONTACT Darrin L. Williams, Esq. Randall K. Pulliam, Esq.
1-888-551-9944 DATASOURCE: Cauley Bowman Carney & Williams,
PLLC CONTACT: Kristi Gray of Cauley Bowman Carney & Williams,
PLLC, +1-501-312-8500 Web site: http://www.cauleybowman.com/
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