Filed under: Raising money, Investments, Value and lack thereof

Landry’s Restaurant (NYSE: LNY) received a letter from Tilman Fertitta, Chairman, President and CEO of LNY to acquire all of the company’s outstanding common stock for $23.50.

LNY closed at $16.67. LNY over all option implied volatility of 59 is above its 26-week average of 41 according to Track Data, suggesting larger price risk.

M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Share This

Share This

This entry was posted on Thursday, February 28th, 2008 at 10:56 pm and is filed under Raising Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.