McCormick & Schmick’s (MSSR -4.5%) rejects a $137M bid from Landry’s Restaurants and adopts...

McCormick & Schmick’s (MSSR -4.5%) rejects a $137M bid from Landry’s Restaurants and adopts a poison pill, saying the offer is “opportunistically timed to take advantage of a trough in the company’s stock price.” (PR) Landry’s starts a proxy fight, arguing that MSSR’s board is not acting in the best interest of its shareholders.