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Updated from 7:56 a.m. EST
Morton's Restaurant Group (MRT Quote) returned to Wall Street Thursday with the latest initial public offering in the restaurant sector.
Its shares recently were up 89 cents, or 5.2%, to $17.89. The stock reached as high as $20.25 in earlier trading.
The chain of upscale steakhouses traded publicly for 10 years until it was acquired in 2002 by Castle Harlan, a private equity group founded by John Castle, who is a director on Morton's board. Activist investor Carl Icahn, currently waging a battle with management at Time Warner (TWX Quote), was the loser of an extended bidding war for the company. ...
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