The Ruth's Chris Steak House chain is being acquired by Darden Restaurants for about $715 million.
NEW YORK — The Ruth's Chris Steak House chain is being acquired by Darden Restaurants for about $715 million.
The company, now based in Winter Park, Florida, suffered as most restaurants did during the pandemic, closing 23 restaurants in early 2020, furloughing workers and announcing that executives were taking less pay. Darden, also based in Florida, is acquiring all outstanding shares of Ruth's for $21.50 per share, a 34% premium.
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