* Offer at $9.25/shr, values co at $137.3 mln
* Offer at 30 pct premium to Friday's close
* Shares jump 30 pct in pre-market trade
(Rewrites, adds details on Fertitta, share movement)
April 4 Landry's Restaurants Inc's Chief
Executive Tilman Fertitta, who took the company private last
year, plans to launch a hostile bid for McCormick & Schmick's
Seafood Restaurants Inc , valuing the company at about
Shares of the company rose 30 percent to $9.25 in trading
before the bell on Monday, matching Fertitta's offer price.
Fertitta already owns about 10.1 percent of the restaurant
chain, and is one of its biggest shareholders.
On Monday, Fertitta said he intends to commence, through his
affiliate LSRI Holdings Inc -- a subsidiary of Landry's
Restaurants -- an all-cash tender offer to buy the upscale
seafood restaurant chain.
Last year Fertitta bought Landry's for $1.4 billion in cash,
ending a nearly two-year-long battle during which Pershing
Square, headed by activist investor William Ackman, was
resisting Fertitta's takeover of the restaurant chain.
McCormick & Schmick's, which operates 96 restaurants in the
United States and Canada, recently outlined a plan to improve
long-term top-line growth and margins, and to temporarily close
some of its restaurants to complete upgrades.
Last month, peer Morton's Restaurant Group said it
was considering "strategic alternatives" including a possible
sale and that it has the support of its top two shareholders.
Fertitta's offer is at a 30 percent premium to McCormick
stock's close of $7.12 on Friday on Nasdaq.
Fertitta, who has a financing commitment from Jefferies
Group relating to the offer, is requesting a list of
stockholders and expects to mail the formal offer to the
company's stockholders as soon as possible, the statement said.
(Reporting by Nivedita Bhattacharjee and Renju jose; Editing by