Ark Restaurants Corp. (ARKR) Friday said its Board of Directors have rejected the unsolicited proposal by Landry Inc. to acquire Ark Restaurants, after review of the proposal with its independent financial and legal advisors.
"The Board believes that the proposal by Landry's significantly undervalues the Company and its future prospects. In the Board's judgment, Ark's shareholders will be better served by our experienced management operating and growing our business, " said Michael Weinstein, Chairman, CEO.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.