secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0000940944-24-000062
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden completes acquisition of Chuy's Holdings for ~$605M enterprise value
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- Chuy's stockholders receive $37.50 per share in all-cash transaction; aggregate consideration ~$660M.
- Acquisition financed by $400M 4.350% notes due 2027 and $350M 4.550% notes due 2029 issued Oct 3.
- Chuy's common stock ceased trading on Nasdaq following the merger close on Oct 11, 2024.
- Chuy's joins Darden's brand portfolio including Olive Garden, LongHorn Steakhouse, and Ruth's Chris.
- Transaction approved by Chuy's stockholders on Oct 10, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094424000062/0000940944-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094424000062/dri-20241011.htm
  HTML page:      https://secwatch.observer/filing/0000940944-24-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer