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Darden to acquire Ruth’s Hospitality Group for $715MM

- General News
Darden Restaurants, Inc. and Ruth's Hospitality Group, Inc., 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.

Darden Restaurants names new CEO

- General News
Darden Restaurants, Inc. announced today that Eugene (Gene) I. Lee, Jr., Chairman and Chief Executive Officer, will retire as CEO effective May 29, 2022.