Name: Darden Restaurants (DRI) To Buy Ruth's Chris Steak House (RUTH) For $715M
Uploaded: 2023-05-03T19:44:51.506
Duration: 6 min 59 s

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Darden Restaurants (DRI) is to buy Ruth's Chris Steak House (RUTH) for $715M. George Tsilis joins Alex Coffey and Jenny Horne to discuss this deal. The deal values RUTH at $21.50 per share in an all-cash transaction. he talks about how this is the first acquisition for DRI in 6 years. He notes that RUTH's margins are quite a bit higher than DRI. DRI is to add Ruth's Chris Steak House to its fine-dining portfolio. RUTH has over 150 locations worldwide. Tune in to find out more about the stock market today.

Darden Restaurants (DRI) To Buy Ruth's Chris Steak House (RUTH) For $715M

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