, Fla. — Darden Restaurants Inc. in a July 17 news release announced it will acquire Tex-Mex restaurant company Chuy’s Holdings Inc. in an all-cash deal worth about $605 million.
▶ WATCH CHANNEL 9 EYEWITNESS NEWS
The transaction is expected to close in Darden’s fiscal second quarter and was approved unanimously by both companies’ boards.
The acquisition comes at a time when Darden is leveraging its liquidity to expand its brand portfolio strategically, according to a news release. New York’s BofA Securities and Hunton Andrews Kurth LLP of Richmond, Virginia, are advising Darden, while Piper Sandler of Minneapolis and Winston & Strawn LLP of Chicago represent Chuy’s.
Photos: CrowdStrike software update impacts Windows, leads to global outage
Click here to read the full story on the Orlando Business Journal’s website.
Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
©2024 Cox Media Group
