Darden restaurants to acquire ruth's hospitality group in $715 million transaction

Orlando, fla. , may 3, 2023 /prnewswire/ -- darden 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.
DRI Ratings Summary
DRI Quant Ranking