Morton’s Restaurant Group, Inc. Exploring Strategic Alternatives
Morton’s Restaurant Group, Inc. (NYSE: MRT) announced today that, with the support of affiliates of Castle Harlan, Inc. and Laurel Crown Partners, LLC, its two largest current shareholders, the Company's Board of Directors has authorized the exploration of strategic alternatives to enhance shareholder value, which may include a potential sale of the Company.
Morton’s Restaurant Group, Inc. (NYSE: MRT) announced today that, with the support of affiliates of Castle Harlan, Inc. and Laurel Crown Partners, LLC, its two largest current shareholders, the Company's Board of Directors has authorized the exploration of strategic alternatives to enhance shareholder value, which may include a potential sale of the Company.
The Board of Directors has retained Jefferies & Company, Inc. as its financial advisor to assist in this process. The Company has not set a definitive timetable for completing its exploration of strategic alternatives and there can be no assurance that the process will result in any transaction. The Company does not intend to disclose further developments during this process, unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives.
Logos, product and company names mentioned are the property of their respective owners.
- Morton’s Restaurant Group, Inc. To Be Acquired by Tilman J. Fertitta
- Fertitta Signs Agreement to Acquire Morton's Restaurant Group at $6.90 Per Share
- Morton’s Restaurant Group, Inc. Reports Results for Third Quarter 2011
- Morton’s Restaurant Group, Inc. Reports Results for Second Quarter 2011
- Morton’s Restaurant Group, Inc. Reports Results for First Quarter 2011
- Papa Bello Issues LOI to Acquire ForgetAboutIt! Foods
- Dickey's Barbecue to Expand Across Mississippi
- Benihana to Be Acquired by Angelo, Gordon & Co.'s Private Equity Group for $296 Million
- Menchie's Celebrates New Milestone As the World's Largest Self-Serve Frozen Yogurt Franchise
- Tossed® Adds Some Green to Boston's Financial District with New Eatery
