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Market News Video
November 03, 2009 AT 2:47 PM
Landry's Restaurants (LNY) announced it will be taken private by a company controlled by Landry's CEO Tilman Fertitta who already owns over 55% of the outstanding shares. The Fertitta company agreed to pay 14 dollars and 75 cents per share in cash, in a deal valued at 1.2 billion dollars.