ORLANDO Fla. Darden Restaurants Inc. on Monday said it had completed its tender offer for Rare Hospitality International Inc., giving the industry’s largest casual-dining operator control of 292 LongHorn Steakhouses and 29 upscale Capital Grille restaurants that post annual sales of about $1 billion. Darden, the Orlando-based parent of the Olive Garden and Red Lobster brands, said Oct. 1 it had paid $38.15 per share in cash for more than 90 percent of the outstanding shares of ...
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Contact: Desiree Torres Desiree.Torres@penton.com