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Report: CEOs of Landry's, Jefferies Group launching blank-check company

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Report: CEOs of Landry's, Jefferies Group launching blank-check company

The CEOs of Landry's Inc. and Jefferies Group LLC are starting a blank-check acquisitioncompany through their companies, Reuters reported April 26, citing "peoplefamiliar with the matter."

Tilman Fertitta, CEO of Landry's, and Richard Handler, CEO ofJefferies Group and its parent LeucadiaNational Corp., will launch Landcadia, a special-purpose acquisitioncompany that intends to raise up to $300 million in an initial public offering,according to the report.

The money raised by Landcadia will be used to fund an acquisitionin the hospitality, gaming or restaurant industries, the news outlet reported.

Jefferies and Deutsche Bank AG are said to be working on theIPO of the company. Deutsche Bank, Jefferies, Leucadia and Landry's declined tocomment on the matter, the news outlet reported.