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Motley Fool Money
Darden Restaurants Buys Ruth's Hospitality Group for $715 Million
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Olive Garden Parent Company, Darden Restaurants, announced that it is buying Ruth's Hospitality Group or Ruth's Chris Steakhouse for $715 million. This will join its stable of steakhouses and fine dining brands like Longhorn and Eddy V's. According to the prospectus, you get Listerine, the number one mouthwash, and according to the S1, the leader in mouthwash research,. You're also getting Nicorett, the numberOne smoking cessation brand in Zirktec, the numberone allergy brand.
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