Darden (DRI) to Buy Eddie V's Prime Seafood, Wildfish Seafood Brands for $59M
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Price: $221.60 +1.67%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3%
Revenue Growth %: +7.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3%
Revenue Growth %: +7.0%
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Darden Restaurants, Inc. (NYSE: DRI) and Eddie V's Restaurants, Inc. today jointly announced a definitive agreement under which Darden has agreed to purchase the Eddie V's Prime Seafood and Wildfish Seafood Grille restaurant brands, and all related assets for $59 million, in an all cash transaction.
The brands will become part of Darden's Specialty Restaurant Group. Darden expects to complete the transaction by the end of the calendar year.
The brands will become part of Darden's Specialty Restaurant Group. Darden expects to complete the transaction by the end of the calendar year.
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