{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-133302","form_type":"8-K","ticker":"DRI","cik":"0000940944","company_name":"DARDEN RESTAURANTS INC","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.945065+00:00","generated_at":"2026-06-16T02:21:35.021230+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Darden to acquire Ruth's Chris for $21.50/share, ~$715M equity value","bullets":["$21.50 per share all-cash; 34% premium to May 2 close, 32% premium to 30-day VWAP.","Deal expected to close in June; unanimously approved by both boards and recommended by RUTH board.","Accretive to Darden fiscal 2024 EPS by ~10-12 cents; synergies $5-10M year one, $15-20M year two.","Cheryl Henry to remain as President of Ruth's Chris, reporting to Rick Cardenas.","Darden has sufficient liquidity to fund the all-cash transaction without additional financing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-133302","json":"https://secwatch.observer/filing/0001193125-23-133302.json","markdown":"https://secwatch.observer/filing/0001193125-23-133302.md","text":"https://secwatch.observer/filing/0001193125-23-133302.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/940944/000119312523133302/0001193125-23-133302-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/940944/000119312523133302/d280583d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T02:21:35.021230+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e4116d22b427ea686d0244bdf43cfd3ed67ff2ea","claim":"DARDEN RESTAURANTS INC entered into Agreement and Plan of Merger with Ruth's Hospitality Group, Inc. valued at $21.50 per Share (effective 2023-05-02).","evidence_excerpt":"On May 2, 2023, Darden Restaurants, Inc., a Florida corporation (“ Parent ”), and Ruth’s Hospitality Group, Inc., a Delaware corporation (the “ Company ”), announced the execution of an Agreement and Plan of Merger (the “ Merger Agreement ”) among Parent, Ruby Acquisition Corporation, a Delaware corporation and an indirect, wholly owned subsidiary of Parent (“ Merger Sub ”), and the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/940944/000119312523133302/0001193125-23-133302-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Ruth's Hospitality Group, Inc."},{"label":"Value","value":"$21.50 per Share"},{"label":"Effective","value":"2023-05-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}