USA: Morton's receives merger offer from Carl Icahn
New Hyde Park, New York-based Morton's Restaurant Group received a letter from billionaire financier Carl Icahn on Tuesday that contained a takeover offer of US$13.50 a share, in cash. Icahn, who already owns 6.85% of Morton's, amounting to 286,700 common shares, wrote that his proposed merger was a better deal that other offers: "You will note that our proposal provides 90 cents a share more to (Morton's) stockholders than the merger consideration proposed to be paid in the Castle Harlan transaction."
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