Brief: Darden Restaurants To Acquire Ruth's Hospitality Group In $715 Million Transaction

Ruth's Hospitality

03/05/2023 13:00

May 3 (Reuters) - Darden Restaurants Inc  DRI.N :
    * DARDEN RESTAURANTS TO ACQUIRE RUTH'S HOSPITALITY GROUP IN
$715
MILLION TRANSACTION
    * RUTH'S HOSPITALITY GROUP INC - PROPOSED DEAL FOR $21.50
PER
SHARE
    * RUTH'S HOSPITALITY GROUP INC - DARDEN HAS SUFFICIENT
LIQUIDITY
TO COMPLETE ALL-CASH TRANSACTION WITHOUT OBTAINING ADDITIONAL
FINANCING
    * RUTH'S HOSPITALITY GROUP INC - CHERYL HENRY WILL CONTINUE
TO
LEAD AS PRESIDENT OF RUTH'S CHRIS AND WILL REPORT TO RICK
CARDENAS.
    * RUTH'S HOSPITALITY - DEAL EXPECTED TO BE ACCRETIVE TO
DARDEN'S
NET EPS IN FISCAL YEAR 2024 BY ABOUT 10 TO 12 CENTS, EX SOME
EXPENSES

Source text for Eikon:  ID:nPn6GDMX9a 
Further company coverage:  DRI.N 

 ((Reuters.Briefs@thomsonreuters.com;))