6/19/2017
Javier Vidal/Flickr

Landry's has made a $55 million bid to buy Joe's Crab Shack parent Ignite Restaurant Group, which filed for bankruptcy protection earlier this month. Landry's said its offer should be considered the so-called "stalking horse" bid in an upcoming auction, over an earlier $50 million bid by private-equity firm Kelly Investment Group.

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