NEW YORK, Nov. 8, 2011 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities law firm, announces an investigation
into the proposed acquisition of McCormick & Schmick's Seafood
Restaurants, Inc. (NASDAQ: MSSR). It was announced that
Landry's Inc., through its Chairman and CEO, Tilman Fertitta, who owns approx. 10% of MSSR's
shares, has proposed to acquired the remaining shares of MSSR that
he does not already own for $8.75 per
share.
The investigation concerns, among other things, whether the
consideration to be paid to MSSR shareholders is unfair,
inadequate, and substantially below the fair or inherent value of
MSSR. Indeed, analysts estimate the true inherent value of
the stock is worth at least $12 per
share. The investigation further concerns whether the board of
directors of MSSR, including Tilman
Fertitta as a significant shareholder, may have breached
their fiduciary duties by not acting in MSSR shareholders' best
interests in connection with the sale process of MSSR.
If you own MSSR common stock and you wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact
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Tripp Levy
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Tripp Levy PLLC
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125 East 82nd
Street
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9th
Floor
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New York, New York
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Toll Free:
877-772-3975
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Email: contact@tripplevy.com
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Tripp Levy PLLC is a national law firm that specializes in
mergers & acquisitions, takeover litigation, shareholder
rights, and corporate governance matters in state and federal
courts throughout the United
States. Attorney advertising. Prior results do not guarantee
a similar outcome.
Contacts
Tripp Levy PLLC
Tripp Levy, 877-772-3975
contact@tripplevy.com
SOURCE Tripp Levy PLLC
