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Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Sun., Dec. 15, 12:41 AM Recent mergers and acquisitions in the Travel & Entertainment M&A category.

Slide #85. Darden Restaurants, Inc. Yard House USA, Inc.

Acquirer: Darden Restaurants, Inc. (NYSE:DRI)
Acquiree: Yard House USA, Inc.
Details: Darden Restaurants, Inc. announced that it has completed the acquisition of Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC, management and investors. This follows the agreement that was announced on July 12, 2012. The total transaction price includes approximately $30 million of cash tax benefits that are expected to be realized by Darden in fiscal 2013 and fiscal 2014.

Darden Restaurants is a restaurant company. Co. owns and operates restaurants through subsidiaries in the U.S. and Canada under the Olive Garden®, LongHorn Steakhouse®, Cheddar's Scratch Kitchen®, Yard House®, The Capital Grille®, Seasons 52®, Bahama Breeze®, and Eddie V's Prime Seafood® trademarks. Co. has four reportable segments: Olive Garden; LongHorn Steakhouse; Fine Dining (which includes The Capital Grille and Eddie V's); and Other Business (which includes Cheddar's Scratch Kitchen, Yard House, Seasons 52, Bahama Breeze and results from its franchise operations).

Darden Restaurants SEC Filing Email Alerts Service


Open the DRI Page at The Online Investor »

Company Name: 
Darden Restaurants, Inc.
Stock buyback: 
DRI buyback
Website: 
www.darden.com
Sector: 
Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding DRI: 
103
Total Market Value Held by ETFs: 
$2.05B
Total Market Capitalization: 
$14.40B
% of Market Cap. Held by ETFs: 
14.23%
 

Open the DRI Page at The Online Investor (in a new window) »

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