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Berkshire Hathaway Meeting Preview
Motley Fool Money
Darden's Acquisition of Ruth's Hospitality Group
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The deal makes some sense on a valuation basis because Ruth's Hospitality Group was trading at a lower EBITDA multiple than Darden. Even with this premium of 30%, Darden is still acquiring its smaller rival at less than its own shares are trading for in the public market. I think they're just that much better. Let's say 1 to 2% points in restaurant margin and that's where these synergies will come from.
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