Health

Steakhouse Morton’s is selling for about $116.6 million. Tilman Fertitta will buy all of the outstanding shares in cash through a tender offer

CHICAGO

Steakhouse chain Morton’s Restaurant Group Inc. is selling itself to the billionaire owner of restaurant chain Landry’s Inc. for about $116.6 million in cash.

Under the deal announced Friday, Tilman Fertitta will buy all of the outstanding shares of Morton’s for $6.90 each in cash through a tender offer. He is acquiring Morton’s through an affiliate of Landry’s, which owns Landry’s Seafood House, Rainforest Cafe, Bubba Gump Shrimp Co. and other chains.

The price represents a 34 percent premium over Morton’s Thursday closing stock price of $5.16. The deal price is based on the company’s 16.9 million outstanding shares.

Morton’s shares rose $1.64, or 32 percent, to $6.80 in morning trading.

Fertitta already owns about 5 percent of Morton’s stock, making him the company’s fourth-largest shareholder, according to FactSet. He will finance the deal with cash and debt.

Morton’s said earlier this year that it was considering a sale of the company. The company’s board has approved Fertitta’s offer. Morton’s … continue reading

Looking for steak house Knoxville, TN? Contact us today for more information.

Honey is not allowed when you are on low carb or low calorie diets like the ones you take when you are on hcg diet drops .

Allergies are something that many people deal with throughout the entire year, those that are lucky are only having to deal with these allergies during certain times of the year. For any allergy sufferer out there, they know that everything that comes along with allergies, runny or stuffy nose, sneezing, itchy and watery eyes, sinus problems and so forth are a reason to feel as though they are miserable. However, there are ways that the person can decrease their allergies without having to constantly take allergy medication provided by their doctor.

A common remedy for allergies that people suffer from is to take a tablespoon of honey each and every day. They are going to find that this is meant to help reduce the allergies by introducing aspect into the body that is causing the allergies to build up a sort of tolerance. However, not just any kind of honey is going to do. The person cannot go to the local supermarket and buy the first honey that they see since this is not going to carry the benefits that the person is looking for.

They need to find honey that is made locally. The reason for this is that this honey is going to be having the properties that are going to help to control the allergies that the person is feeling.