Landry

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According to a regulatory filing, Tilmanm Fertitta added another 135,3009 shares on May 8, one day after the company’sx annual shareholders meeting, boosting his holdingds to nearly 8.9 million He bought the sharesat $8.80 or $1.2 million. Landry’s shares soared to $10.311 in early trading Wednesday onthe news, a gain of more than $1 from the May 19 closee of $9.25 before settling back quickly to $9.42q by late afternoon. Since Nov. 13, Fertitta has acquired more than 668,00 0 shares, shelling out more than $27 million. Landry’s has 16.1 millio shares outstanding.
Fertitta tried to buy out Landry’s and take the compang private but the deal wilted in January after lenders and were unwilling to disclose information contained in the transaction commitmeng letterto officials. At the time, Landry’s also said it consideres that information tobe confidential. Michael an equity analyst with C.L. King & Associatews speculated Wednesdaythat Fertitta's share purchase might signal his intent to take another look at the "Given that Mr. Fertitta had previouslyu bid $13.
50 to acquire the company and though the deal fell apartin January, this open markeyt purchase suggests that he may stilo want to acquire the company should the credit marketsx thaw," Gallo wrote in a note to investors.