Darden Restaurants Inc. - Darden Restaurants to Acquire Ruth's ...
WEBMay 3, 2023 · Darden has agreed to acquire Ruth's for $21.50 per share, with a total transaction equity value of approximately $715 million, representing a 34% premium to the May 2 closing price and a 32% premium to the 30-day volume weighted average price. Purchase price represents a 9.4x implied multiple of Ruth's fiscal year 2022 Transaction Adjusted EBITDA.*
Darden Restaurants Completes Acquisition of Ruth's Hospitality …
WEBJun 14, 2023 · Darden Restaurants, Inc. ("Darden") (NYSE: DRI), announced today that it has completed its acquisition of Ruth's Hospitality Group, Inc. ("Ruth's"). The Ruth's Chris Steak House brand now joins and complements Darden's portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch Kitchen, The ...
Darden buys Ruth’s Chris Steak House for about $715 million
WEBMay 3, 2023 · Darden Restaurants is buying Ruth’s Hospitality Group Inc., the owner of Ruth’s Chris Steak House, for about $715 million, Wednesday, May 3, 2023. Darden will acquire all outstanding shares of Ruth’s for $21.50 per share.
Ruth's Hospitality Group (RUTH) News Today - MarketBeat
WEBAug 20, 2024 · What's going on at Ruth's Hospitality Group (NASDAQ:RUTH)? Read today's RUTH news from trusted media outlets at MarketBeat.
Restaurant giant Darden buys Ruth’s Chris Steak House in ... - Yahoo
WEBMay 4, 2023 · Orlando, Florida-based Darden Restaurants Inc. — the nation’s largest restaurant company — plans to make its portfolio even bigger with the purchase of the parent company of Ruth’s Chris Steak...
RUTH Stock Alert: The $715 Million Reason Ruth's ... - InvestorPlace
WEBMay 3, 2023 · Ruth’s Hospitality Group (RUTH) stock is climbing higher on acquisition news. Darden Restaurants (DRI) is acquiring the company for $715 million. The acquisition deal values RUTH stock at...
Olive Garden owner Darden Restaurants buys Ruth's Chris Steak …
WEBMay 3, 2023 · Key Points. Darden Restaurants is buying the parent company of Ruth’s Chris Steak House for $715 million. Ruth’s will join Darden’s fine-dining portfolio, which already includes The Capital ...
Darden Restaurants Completes Acquisition of Ruth's Hospitality …
WEBJun 14, 2023 · The Ruth's Chris Steak House brand now joins and complements Darden's portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch Kitchen,...
Darden Closes Ruth's Hospitality Acquisition; RUTH Ceases …
WEBJun 14, 2023 · Darden Restaurants Inc (NYSE:DRI) closed the acquisition of Ruth's Hospitality Group, Inc (NASDAQ:RUTH) in cash for $21.50 per share. The price translates to an equity value of...
Darden buys Ruth's Chris Steak House for $715 million - CBS News
WEBMay 3, 2023 · The Ruth's Chris Steak House chain is being acquired by Darden Restaurants for about $715 million. The original Chris Steak House was opened on New Orlean's Broad Street in 1927, and it was ...