Landry's CEO buys 336,209 shares, raising stake to 54.8%

By Lisa Kerner

Charlotte, N.C., Nov. 21 - Landry's Restaurants, Inc. chairman, president and chief executive officer Tilman J. Fertitta bought 336,209 shares of the company's stock, raising his ownership interest to 54.8%, from 51.9% on Nov. 14.

The shares were acquired between Nov. 18 and Nov. 20 at prices from $10.9951 to $11.4421 each, according to a schedule l3D/A filed with the Securities and Exchange Commission.

Fertitta beneficially owns 9,340,502 shares of the Houston-based restaurant company.

In June, Landry's agreed to be acquired by Fertitta through Fertitta Holdings, Inc. for $21.00 cash per share in a transaction valued at about $1.3 billion including debt of about $885 million. Fertitta is in negotiations to finance the proposed purchase at a reduced price.

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