Sales should be completed in next 10 days

Houston — The Houston Chronicle is reporting; the restaurant group that owns Morton’s announced this morning that it is being sold to Tilman J. Fertitta, the largest shareholder in the restaurant chain.

Morton’s agreed to sell the restaurant group to Fertitta for $6.90 per share in cash exchange, according to a company press release. The sale of the restaurant group should be completed in the next 10 days.

To read more on the sale, head to The Houston Chronicle's website: http://blog.chron.com/newswatch/2011/12/mortons-the-steakhouse-sold-to-tilman-fertitta/