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Smith Wollensky Restaurant Group Inc

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BUSINESS
May 21, 2001 | Reuters
The market for new stock offerings, underpinned by the broader market rally and a succession of strong Wall Street debuts, is heading into summer on a wave of renewed investor appetite. Despite the slowest first quarter in more than a decade, the outlook for initial public offerings is improving, with some multibillion-dollar deals on the horizon. Peabody Energy Corp., one of the world's largest private-sector coal companies, could raise up to $360 million, making it this week's major deal.
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BUSINESS
March 17, 2007 | From Reuters
Seafood restaurant operator Landry's Restaurants Inc. said Friday that it had offered to acquire steakhouse chain Smith & Wollensky Restaurant Group Inc. for about $84 million, topping a rival bid by Patina Restaurant Group. In January, Landry's, which operates the Landry's Seafood House and Rainforest Cafe restaurants, had made an unsolicited offer to acquire Smith & Wollensky for $64.4 million, or $7.50 a share -- which was about a 50% premium to the stock's $5.03 closing price Jan. 12.
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BUSINESS
March 17, 2007 | From Reuters
Seafood restaurant operator Landry's Restaurants Inc. said Friday that it had offered to acquire steakhouse chain Smith & Wollensky Restaurant Group Inc. for about $84 million, topping a rival bid by Patina Restaurant Group. In January, Landry's, which operates the Landry's Seafood House and Rainforest Cafe restaurants, had made an unsolicited offer to acquire Smith & Wollensky for $64.4 million, or $7.50 a share -- which was about a 50% premium to the stock's $5.03 closing price Jan. 12.
BUSINESS
May 21, 2001 | Reuters
The market for new stock offerings, underpinned by the broader market rally and a succession of strong Wall Street debuts, is heading into summer on a wave of renewed investor appetite. Despite the slowest first quarter in more than a decade, the outlook for initial public offerings is improving, with some multibillion-dollar deals on the horizon. Peabody Energy Corp., one of the world's largest private-sector coal companies, could raise up to $360 million, making it this week's major deal.
BUSINESS
May 8, 2007 | From Bloomberg News
Smith & Wollensky Restaurant Group Inc., a New York-based steakhouse chain, said Monday that it agreed to be bought by Patina Restaurant Group for $94.6 million, topping a rival proposal from Landry's Restaurants Inc. Patina, owner of a namesake Los Angeles restaurant and the ice rink in New York's Rockefeller Center, will pay $11 a share, 13% more than the Landry's bid and 19% higher than its previous agreement to buy the restaurant company, Smith & Wollensky said.
BUSINESS
February 27, 2007 | Adrian G. Uribarri, Times Staff Writer
Chef Joachim Splichal and his Patina collection of restaurants are picking up a steak knife to carve into new markets. Patina Restaurant Group, which owns some of Southern California's premier eateries and New York's Rockefeller Center ice rink, said Monday that it had agreed to buy the Smith & Wollensky Restaurant Group Inc. steakhouse chain for $79.5 million. "This is the first acquisition, from a restaurant standpoint, to expand the Patina group," Splichal said.
BUSINESS
January 14, 2004 | From Reuters
Investor concerns that consumers would shun beef after last month's discovery of the first U.S. case of mad cow disease appear to have evaporated as shares of steakhouses and hamburger chains have snapped back to their previous levels. In the days after the Dec. 23 announcement, restaurant stocks fell hard on fears that meat from a cow with the deadly brain-wasting disease, formally known as bovine spongiform encephalopathy, had entered the food chain.
BUSINESS
September 22, 2001 | MARC BALLON, TIMES STAFF WRITER
Suddenly, some of the toughest restaurant seats in town can be had with little or no wait. At Le Dome, the famed West Hollywood eatery, dinner traffic has plunged as much as 75% in recent days. So owner Eddie Kerkhofs is offering a Belgian meal for one night at half price. "The past week has been the slowest one in Le Dome's 24-year history," said Kerkhofs, who had same-day dinner reservations available Friday afternoon.
BUSINESS
May 28, 2001 | DEBORA VRANA, TIMES STAFF WRITER
After more than a year in the doldrums, the market for new stock offerings may be poised for a comeback, but there are signs that investors who were burned during the new-issue frenzy of recent years have become more discriminating. Led by the red-hot energy sector and a broader market rally, initial public offerings, or IPOs, are once again a hot topic on Wall Street--with some of the more successful deals seeing strong first-day gains reminiscent of the late 1990s.
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