Morton's May be for Sale

Morton'sRestaurant Group, Inc. (NYSE: MRT) is exploring its options to enhance shareholder value, which may include selling the company.

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The company has retained Jefferies & Company, Inc. as its financial advisor to assist in this process.

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No definitive timetable has been established for this process.

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For its 12 month fiscal period ending January 2, 1011, Morton's reported revenues increased 5.3 percent to $296.1 million and comparable restaurant revenues for Morton's steakhouses increased 4.8 percent.

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