Morton’s Restaurant Group is seeking options for the company, including a possible sale, The Wall Street Journal reports. The U.S. steakhouse chain has appointed Jefferies & Company as its financial adviser. The Illinois-based company’s move has been backed by its two largest shareholders, investment firms Castle Harlan and Laurel Crown Partners. Morton’s, which is led by CEO Christopher Artinian, had $188.7 million in total debt as of January 2, adds Bloomberg.
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