Darden Restaurants To Acquire Chuy's Holdings In ~$605M Transaction, Or $37.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Darden Restaurants (NYSE:DRI) will acquire Chuy's Holdings (NASDAQ:CHUY) for $37.50 per share in an all-cash transaction valued at approximately $605 million. This acquisition will add Chuy's 101 Tex-Mex restaurants to Darden's portfolio of brands.
July 17, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Chuy's Holdings will be acquired by Darden Restaurants for $37.50 per share in an all-cash transaction valued at $605 million.
The acquisition price of $37.50 per share represents a premium for Chuy's Holdings shareholders, which is likely to result in a short-term increase in CHUY's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Darden Restaurants is acquiring Chuy's Holdings for $605 million, which will expand its portfolio with 101 new Tex-Mex restaurants.
The acquisition of Chuy's Holdings will likely be seen as a positive move for Darden Restaurants, as it expands their portfolio and market presence. This could lead to a short-term increase in DRI's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100