Darden Restaurants to buy Ruth’s Chris Steak House parent in $715M deal


Darden Restaurants Inc. (NYSE: DRI) — the nation's largest restaurant company — plans to make its portfolio even bigger with the purchase of the parent company of Ruth's Chris Steak House, one of the largest fine-dining steakhouse restaurant companies in the U.S.

Orlando-based Darden joined with Orlando-based Ruth's Hospitality Group Inc. on May 3 to announce that the two entered a "definitive merger agreement" in which Darden will make a tender offer to acquire all outstanding shares of Ruth's…

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