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Darden Restaurants Completes Acquisition Of Cheddar’s Scratch Kitchen

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ORLANDO, Fla., April 24, 2017 /PRNewswire/ — Darden Restaurants, Inc. (NYSE:DRI) today announced that it has completed the acquisition of Cheddar’s Scratch Kitchen (Cheddar’s) for $780 million in an all-cash transaction from its stockholders including private equity firms L Catterton and Oak Investment Partners. This follows the agreement that was announced on March 27, 2017. […]

Darden Restaurants Agrees To Acquire Cheddar’s Scratch Kitchen For $780 Million; Adds A Casual Dining Value Leader To Darden’s Portfolio Of Differentiated Brands

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ORLANDO, Fla., March 27, 2017 /PRNewswire/ — Darden Restaurants, Inc. (NYSE: DRI) today announced that it has agreed to acquire Cheddar’s Scratch Kitchen (Cheddar’s) for $780 million in an all-cash transaction from its stockholders including private equity firms L Catterton and Oak Investment Partners. Cheddar’s will add to Darden’s portfolio of differentiated brands which currently […]