Landry's Restaurants (LNY) announced Tuesday morning that it agreed to be acquired by a company wholly-owned by Tilman J. Fertitta, Chairman, CEO and President of Landry's, for $14.75 per share in cash. Landry's Restaurants was halted in early trade Tuesday, but spiked to the upside once trade resumed around 10:30AM. The stock finished up by $2.93 at $13.69 on the highest volume of the year. Shares rose above a 2-month range and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.