Darden Restaurants to Acquire Ruth's Hospitality Group in $715 Million Transaction
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/1/2026
- Wall Street closes lower as oil prices jump, indexes notch monthly gains
- The Warsh pivot markets didn't expect
- Oil settles up by more than 2.5% as US and Iran resume military attacks
- Energy stocks rally as fresh U.S.-Iran attacks drive oil prices higher
- BofA turns S&P 500 signals from red to yellow: What to buy now
Darden Restaurant's to acquire Ruth's Hospitality Group in $715m deal
May 3, 2023 1:21 PM EDTDarden Restaurants (NYSE: DRI) is purchasing Ruth's Chris Steak House chain owner Ruth's Hospitality Group (NASDAQ: RUTH) for approximately $715 million.
Shares of RUTH are up more than 33% at $21.45 on Wednesday. Darden shares are flat.
The all-cash... More
Darden Restaurants (DRI) Acquires Ruth's Hospitality Group (RUTH) For $21.50/sh or $715M
May 3, 2023 8:01 AM EDTDarden Restaurants, Inc. ("Darden") (NYSE: DRI) and Ruth's Hospitality Group, Inc. ("Ruth's") (Nasdaq: RUTH), jointly announced today that they have entered into a definitive merger agreement pursuant to which Darden will commence a tender offer to acquire all of the outstanding shares of Ruth's for $21.50 per share, in an all-cash transaction with an equity value of approximately $715 million. Ruth's, owner and operator of Ruth's Chris Steak House ("Ruth's Chris"), will complement Darden's portfolio of differentiated brands which currently includes Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch... More
