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Morton's announces merger agreement. (chain report).(Morton's Restaurant Group, Castle...

Morton's Restaurant Group, New Hyde Park, N.Y., recently announced that it has entered a merger agreement that provides for its acquisition by an affiliate of Castle Harlan Inc., a New York-based private equity investment firm.

Under the terms of the agreement, Morton's stockholders will receive $12.60 in cash for each share of common stock. Following completion of the merger, Morton's current management team will operate Morton's as a private compa

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