Darden Restaurants (DRI) announced that it has completed the acquisition of Chuy‘s Holdings (CHUY) in an all-cash transaction with an enterprise value of approximately $605M. The transaction was approved by a majority of Chuy’s Holdings stockholders on October 10, 2024. This follows the merger agreement that was announced on July 17, 2024. In connection with the completion of the merger, Chuy’s Holdings common stock ceased trading on Nasdaq.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DRI:
- MDU Resources to replace Chuy’s in S&P 600 at open on 10/11
- Darden Restaurants Launches Senior Notes for Acquisition Financing
- FedEx reports downbeat Q1, Nike vet returns as new CEO: Morning Buzz
- Darden price target raised to $195 from $184 at BofA
- Darden price target raised to $195 from $185 at Truist
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue