Reported 5 months ago
Darden Restaurants, the parent company of Olive Garden, has announced an agreement to acquire Chuy's Holdings for $605 million in cash. The deal, which includes buying all of Chuy's outstanding shares at $37.50 each, adds 101 Chuy's restaurants across 15 states to Darden's portfolio. This acquisition is anticipated to be neutral to Darden's earnings for the fiscal year 2025 and is expected to close in the second quarter of Darden's fiscal year.
Source: YAHOO