ORLANDO FLA. Darden Restaurants Inc. and Rare Hospitality International Inc. generally is viewed as positioning both companies for revvedup growth, even as some observers expressed concern about the continuing sluggishness in the casual-dining segment. —The pending merger of casual-dinnerhouse giants Orlando-based Darden said Aug. 16 it would acquire the Atlanta-based steakhouse operator for about $1.4 billion, or $38.15 per share in cash, a nearly 39-percent premium over ...
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Contact: Desiree Torres Desiree.Torres@penton.com