Landry’s Restaurants Tuesday reached a buyout deal with its top executive to take the parent company of the Golden Nugget private in a transaction valued at $1.2 billion including debt. Chairman and Chief Executive Officer Tilman Fertitta had his offer of $14.75 per share in cash accepted by the company’s board of directors, a 37 percent premium on Monday’s closing price of $10.76 per share. - Mitchell Tsai from Bookmarklet

Fertitta, who owns nearly 55.1 percent of the company’s stock, would acquire all shares of Landry’s that he does not own. The transaction is subject to Landry’s refinancing a portion of its $915.3 million debt load. Bond analyst Barbara Cappaert of KDP Investment Advisors priced Fertitta’s out-of-pocket expense to acquire the stock he does not already own at $108 million. - Mitchell Tsai