![]() ![]() Per the companies' definitive merger agreement, Darden will acquire all of Ruth's outstanding shares for $21.50 per share in an all-cash transaction with an equity value of approximately $715 million. Other Darden fine-dining chains include Capital Grille and Eddie V’s. Ruth’s Hospitality Group has more than 150 steakhouse locations worldwide and will expand Darden’s portfolio to 10 chain restaurants with the sale, t he company announced Wednesday. The company that owns Ruth’s Chris Steak House is selling to Darden Restaurants, breaking a drought for restaurant acquisitions in the aftermath of COVID, high inflation, a turbulent stock market and growing fears of a recession. Correction: An earlier version of this story included a restaurant chain that is no longer part of Darden's portfolio. ![]()
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