Chuy’s Holdings ( (CHUY) ) just unveiled an announcement.
Darden has finalized its acquisition of a company in a merger valued at approximately $660 million, resulting in the parent company owning an indirect, wholly-owned subsidiary. Following the merger, each share of the acquired company’s common stock was converted into a cash entitlement, and all outstanding restricted stock units were vested and exchanged for cash. Consequently, the company has notified Nasdaq to halt trading and to delist its common stock, while also preparing to terminate its registration and reporting obligations under the Exchange Act. The merger led to a complete overhaul of the company’s board of directors and significant amendments to its Certificate of Incorporation and Bylaws.
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