Las Vegas restaurant operator sold

Thursday, March 28, 2002 | 11:14 a.m.

NEW HYDE PARK, N.Y. -- Morton's Restaurant Group Inc., which owns three Las Vegas eateries, agreed to be repurchased by its former owner, Castle Harlan Inc., for about $52.8 million, and the steakhouse operator will become a private company.

Shareholders will receive $12.60 in cash for each share held, New York-based Morton's said in a statement. The offer is 9.1 percent more than Wednesday's closing price of $11.55. Morton's said it had about 4.19 million shares outstanding in a March 14 statement.

Morton's owns and operates 61 Morton's of Chicago Steakhouse restaurants and four Bertolini's Authentic Trattoria restaurants. Las Vegas operations include a Morton's steakhouse at 400 E. Flamingo Road and two Bertolini's, in the Forum Shops at Caesars and one at 9500 W. Sahara Ave.

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