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Stock impact report

Darden Expands Its Brand Portfolio With Chuy's Acquisition [Yahoo! Finance]

Chuy's Holdings, Inc. (CHUY) 
Last chuy's holdings, inc. earnings: 3/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.chuys.com/investor-relations
Company Research Source: Yahoo! Finance
DRI has completed the acquisition of Chuy's Holdings, Inc., following the merger agreement announced on July 17, 2024. The all-cash transaction has an enterprise value of about $605 million. A majority of Chuy's Holdings stockholders approved the deal on Oct. 10, 2024. The company financed the acquisition using proceeds from a $400 million offering of 4.35% senior notes due 2027 and a $350 million offering of 4.55% senior notes due in 2029. These notes were issued on Oct. 3, 2024. A Strategic Addition to Darden's Portfolio Founded in Austin, TX, in 1982, Chuy's operates more than 100 restaurants across 15 states, serving a distinct menu of authentic Tex-Mex cuisine. Its unique dining experience and freshly prepared dishes are expected to contribute to Darden's overall brand variety. This acquisition enhances Darden's diverse portfolio, which includes well-known brands like Olive Garden and LongHorn Steakhouse. DRI's Price Performance In the past three months, shares of the Show less Read more
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