WFTV Channel 9 Orlando

Orlando’s Darden Restaurants to acquire Chuy’s Tex-Mex restaurant chain

By Sarah Kinbar, WFTV Staff,

5 hours ago

https://img.particlenews.com/image.php?url=0FmaWk_0uWz67Zr00

Darden Restaurants Inc. in a July 17 news release announced it will acquire Tex-Mex restaurant company Chuy’s Holdings Inc. in an all-cash deal worth about $605 million.

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The transaction is expected to close in Darden’s fiscal second quarter and was approved unanimously by both companies’ boards.

The acquisition comes at a time when Darden is leveraging its liquidity to expand its brand portfolio strategically, according to a news release. New York’s BofA Securities and Hunton Andrews Kurth LLP of Richmond, Virginia, are advising Darden, while Piper Sandler of Minneapolis and Winston & Strawn LLP of Chicago represent Chuy’s.

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Click here to read the full story on the Orlando Business Journal’s website.

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