Darden Restaurants Agrees To Acquire Yard House USA, Inc. For $585 Million; Adds Differentiated High-growth Brand To Darden’s Specialty Restaurant Group
ORLANDO, Fla., July 12, 2012 /PRNewswire/ – Darden Restaurants, Inc. (NYSE: DRI) today announced that it has agreed to acquire Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC, management and investors. The total transaction price of $585 million includes approximately $30 million of cash tax benefits that are expected to be realized by Darden in fiscal 2013 […]