secwatch.observer — SEC 8-K summary
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Issuer:     Ruths Hospitality Group, Inc. (—)
CIK:        0001324272
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001193125-23-166585
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden closes $21.50/share acquisition of Ruth's Hospitality Group for ~$715M
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- Merger completed June 14, 2023; each share converted to $21.50 cash.
- Tender offer received ~71.2% of shares (22.85M); minimum condition satisfied.
- Total consideration ~$715M, funded via cash on hand and borrowings.
- Shares to be delisted from Nasdaq; registration to be terminated.
- Board replaced: all prior directors resigned; sole director appointed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1324272/000119312523166585/0001193125-23-166585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1324272/000119312523166585/d466349d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-166585

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