Feritta Continues to Grow His Restaurant Empire Video

Tilman Feritta will be guaranteed the best seat at any Morton's Steakhouse as the billionaire owner of the Landry's restaurants commenced his tender offer for all outstanding shares at $6.90 each. This amounts to a total cash tender offer of $116.6 million for the seventy seven restaurant chain -- a 34% premium to the closing price the day before the offer was announced.