Exhibit (a)(21)
LANDRY'S SEAFOOD RESTAURANTS, INC.
COMPLETES TENDER OFFER FOR RAINFOREST CAFE, INC.
Houston, TX, October 28, 2000 - Landry's Seafood Restaurants, Inc.
(NYSE: LNY) announced today that its wholly owned subsidiary has accepted
for purchase and payment, pursuant to its tender offer, all shares of
common stock of Rainforest Cafe, Inc. (Nasdaq: RAIN) which were validly
tendered and not withdrawn as of the expiration of its tender offer at
12:00 midnight (EST) on October 27, 2000.
Approximately 13,360,000 Rainforest shares were tendered into the
offer. These shares, together with the 1,030,800 shares already owned by
Landry's, represented almost 65% of all outstanding Rainforest shares.
Pursuant to a previously disclosed agreement, an officer of Rainforest
withdrew 930,000 of such shares prior to the expiration of the tender
offer.
Rainforest stockholders who tendered their shares into the offer will
receive $3.25 per share net to the seller in cash.
The tender offer will be followed by a merger of Landry's subsidiary
with and into Rainforest. Following the consummation of the merger, those
Rainforest stockholders who did not tender their shares in the Landry's
tender offer and who do not seek appraisal of their shares pursuant to
applicable provisions of Minnesota law will have their shares converted
into the right to receive $3.25 per share net to each stockholder in cash
upon due presentation of certificates representing their shares to American
Stock Transfer & Trust Company, the Depositary for the merger. The merger
is presently expected to be consummated sometime in the first quarter of
2001.
This news release (as well as information included in oral statements
or other written statements made or to be made by Landry's) may contain
forward-looking statements. Actual events or Landry's results may differ
materially from the results discussed in the forward-looking statements.
Landry's does not expect to update forward-looking statements continually
as conditions change.
For Landry's Seafood Restaurants, Inc. Investors
CONTACT: TILMAN J. FERTITTA OR PAUL S. WEST
CHAIRMAN, PRESIDENT AND C.E.O. VICE PRESIDENT-
(713) 850-1010 FINANCE AND CFO
(713) 850-1010
email: [email protected]
www.LandrysSeafood.com
