Orlando, Fla. — Darden Restaurants, Inc. has completed the acquisition of Chuy’s Holdings, Inc. in an all-cash transaction with an enterprise value of approximately $605 million. The transaction was approved by a majority of Chuy’s Holdings stockholders on Oct. 10, 2024. This follows the merger agreement that was announced on July 17, 2024.
With the acquisition now complete, Chuy’s joins Darden’s portfolio of differentiated brands which also includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth’s Chris Steak House, Cheddar’s Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V’s and Bahama Breeze.
Founded in Austin, Texas in 1982, Chuy’s operates more than 100 restaurants across 15 states serving Tex-Mex inspired dishes.
In connection with the completion of the merger, Chuy’s Holdings common stock ceased trading on Nasdaq.
For more information, visit www.darden.com.
SOURCE: Darden Restaurants, Inc.: Financial