DRI - Chuy's Holdings Stock Soars On Darden Takeover Deal: What You Need To Know | Benzinga
Chuy’s Holdings Inc (NASDAQ:CHUY) shares are popping in Wednesday’s after-hours session after the company and Darden Restaurants, Inc. (NYSE:DRI) jointly announced that Darden will acquire Chuy’s Holdings.
What Happened: Chuy’s Holdings and Darden entered into a definitive agreement in which Darden will acquire all of Chuy’s outstanding stock for $37.50 per share in cash. The all-cash transaction has an enterprise value of approximately $605 million.
“Chuy’s is a differentiated brand within the full-service dining ...