Landry’s LLC, the owner of Bubba Gump Shrimp Co., Morton’s The Steakhouse, McCormick & Schmick’s and other chains, has made a $37.2 million offer to buy Restaurants Unlimited Inc.’s assets out of bankruptcy, WSJ Pro Bankruptcy reported. Restaurants Unlimited said in court papers yesterday that it would name Landry’s as the stalking-horse bidder at an upcoming auction, subject to bankruptcy court approval. Restaurants Unlimited filed for protection from its creditors in the U.S. Bankruptcy Court in Wilmington, Del. in July. The company has 35 full-service restaurants under brands that include Kincaid’s, Palomino, Henry’s Tavern, Stanford’s, Clinkerdagger and Cutters Crabhouse. It owes about $39 million to secured lenders and operates in six states, including Washington, Oregon and California.
