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Landry's Inc. has entered into a confidentiality agreement with McCormick & Schmick's Seafood Restaurants, Inc. (Nasdaq:MSSR - News) to conduct diligence that could lead to a possible merger or acquisition transaction between the two companies. The confidentiality agreement requires Tilman J. Fertitta to terminate his previously announced tender offer to acquire McCormick & Schmick's through his affiliate LSRI Holdings, Inc., a subsidiary of Landry's, Inc.
Popeyes Louisiana Kitchen opened its 2,000th restaurant system. The newest location is in Memphis, Tenn.
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