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No. of Recommendations: 4
from Landry's, $22/share proposal, 22% premium.

http://www.reuters.com/article/2013/02/07/landrys-arkrestaur...



sw - owner of ARKR in individual and managed accounts
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No. of Recommendations: 2
I really hope this does not happen.
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No. of Recommendations: 1
Seems like a somewhat higher price would be justified. Certainly not selling yet.

sw
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No. of Recommendations: 0
I had looked at it $16 when the yield was 6%. I had passed mainly because a noticed capex over the years but the FCF was not increasing as a result. So I was not sure if it was wasteful.

I am considering participating as a merger arb/special situation now. There is a bid on the table. So upside is $22 or if another bid comes in / bid is raised.

Downside should be limited by the dividend yield?

Thoughts?
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