ORLANDO Fla. Darden Restaurants Inc. on Aug. 31 commenced its tender offer to acquire all outstanding shares of common stock of Rare Hospitality International Inc. for $38.15 per share. The two restaurant companies announced Aug. 16 that they had agreed to a merger in which Darden is purchasing the steakhouse operator for about $1.4 billion, including debt, making it one of the largest strategic purchases in the industry. The purchase is being made for Darden through its wholly owned ...
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Contact: Desiree Torres Desiree.Torres@penton.com