Landry's Restaurants Inc. (LNY) gapped up slightly Monday and rose steadily until around mid-morning. The stock gave back some of its gains before midday, but finished higher by $2.92 at $19.10.
Landry's Restaurants has been climbing sharply on strong volume since the company entered into a definitive merger agreement on November 3, with a company wholly-owned by Tilman J. Fertitta, Chairman, CEO and President of Landry's. The stock closed at its third consecutive new high for the year.
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