Fertitta ups stake in Landry's Restaurants to 41.3%

By Lisa Kerner

Charlotte, N.C., Sept. 19 - Tilman J. Fertitta, chairman, president, chief executive officer and original founder of Landry's Restaurants, Inc., bought 400,000 shares of the company's common stock for a total of $4.93 million.

The shares were purchased on Sept. 17 through Sept. 19 at prices from $11.8339 to $14.1143 each, according to a schedule 13D filed with the Securities and Exchange Commission.

In June, Landry's agreed to be acquired by 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 beneficially owns approximately 7.03 million shares, or 41.3%, of the Houston-based diversified restaurant hospitality and entertainment company.

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