TITLE

Smith & Wollensky's high-stakes battle

AUTHOR(S)
Fickenscher, Lisa
PUB. DATE
January 2007
SOURCE
Crain's New York Business;1/22/2007, Vol. 23 Issue 4, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Landry's Restaurants Inc. offered to pay $64.5 million in cash, or $7.50 a share, for steakhouse chain Smith & Wollensky restaurants Group Inc.'s 15 restaurants in New York. The chain's founder and chief executive, Alan Stillman, could lose control of the company. Smith & Wollensky issued a statement describing the offer as unsolicited and highly conditional. The bid comes at a time when Stillman is trying to jump-start growth at the company.
ACCESSION #
23881783

 

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