---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-180432"
form_type: "8-K"
ticker: "DRI"
cik: "0000940944"
company_name: "DARDEN RESTAURANTS INC"
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:22:25.415022+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Darden to acquire Chuy's for $37.50/share all-cash; enterprise value ~$605M

## Summary
- Darden (DRI) will acquire Chuy's (CHUY) at $37.50/share, a 40% premium to 60-day VWAP.
- Transaction enterprise value ~$605M; 10.3x implied multiple of LTM Transaction Adjusted EBITDA.
- Expected to close in Darden's fiscal Q2 2025, subject to Chuy's stockholder vote and HSR clearance.
- Darden expects pre-tax net synergies of ~$15M by end of fiscal 2026; neutral to FY2025 EPS, accretive $0.12-0.15 in FY2027.
- Chuy's operates 101 restaurants in 15 states; LTM revenue over $450M as of March 31, 2024.

## SEC filing metadata
- accession: 0001193125-24-180432
- form_type: 8-K
- ticker: DRI
- cik: 0000940944
- company_name: DARDEN RESTAURANTS INC
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/940944/000119312524180432/0001193125-24-180432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/940944/000119312524180432/d765539d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-180432
- JSON: https://secwatch.observer/filing/0001193125-24-180432.json
- Plain text: https://secwatch.observer/filing/0001193125-24-180432.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.