Olive Garden Parent Darden Buying Ruth’s Chris For $715M
View Source | May 4, 2023 8:54 am
Click to read full article
- Olive Garden owner Darden Restaurants is acquiring Ruth’s Chris Steak House restaurant chain in an all cash-deal worth $715 million.
- Darden announced Wednesday that it entered into a merger agreement with Ruth’s Hospitality Group Inc., which owns Ruth’s Chris Steak House, and will acquire all outstanding shares of the company for $21.50 per share.
- Darden’s portfolio already includes Olive Garden, LongHorn Steakhouse, Yard House, Cheddar’s Scratch Kitchen, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s.
Share This Article: